Yousif Capital Management LLC Trims Stock Position in Intuit Inc. $INTU

Key Points

• Yousif Capital Management LLC reduced its stake in Intuit Inc. by 3.0% in Q2, now holding 34,308 shares worth $27 million.
• Intuit announced a quarterly dividend increase to $1.20 from the previous $1.04, with a yield of 0.7%.
• Intuit reported Q2 earnings of $2.75 per share, exceeding analysts' expectations, with revenue rising by 20.3% year-over-year.

Yousif Capital Management LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,308 shares of the software maker's stock after selling 1,064 shares during the period. Yousif Capital Management LLC's holdings in Intuit were worth $27,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after buying an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in shares of Intuit during the 1st quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC raised its stake in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter valued at approximately $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Trading Down 0.5%

Shares of INTU opened at $641.79 on Monday. The stock's 50-day moving average is $686.93 and its two-hundred day moving average is $694.20. The stock has a market cap of $178.93 billion, a PE ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company earned $1.99 earnings per share. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is presently 34.93%.

Wall Street Analyst Weigh In

INTU has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. CLSA initiated coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price on the stock. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average price target of $791.82.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company's stock, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 over the last three months. 2.68% of the stock is owned by insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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