Intuit Inc. $INTU Stock Sold by MGO One Seven LLC

MGO One Seven LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 63.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,772 shares of the software maker’s stock after selling 4,798 shares during the period. MGO One Seven LLC’s holdings in Intuit were worth $764,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fiduciary Financial Advisors bought a new position in shares of Intuit during the 2nd quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Intuit during the 1st quarter worth approximately $30,000. Osbon Capital Management LLC bought a new position in shares of Intuit during the 2nd quarter valued at approximately $26,000. MidFirst Bank bought a new position in shares of Intuit during the 2nd quarter valued at approximately $28,000. Finally, James T. Borello RIA grew its holdings in shares of Intuit by 350.0% in the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Down 3.8%

Shares of INTU stock traded down $13.34 during trading hours on Friday, reaching $341.50. 3,615,239 shares of the stock were exchanged, compared to its average volume of 3,259,359. The firm has a market capitalization of $91.26 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27. The company’s 50-day moving average price is $318.61 and its 200-day moving average price is $357.13. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is presently 33.45%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTU. Susquehanna reduced their price target on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research report on Wednesday, August 26th. Truist Financial reissued a “hold” rating and set a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. Citigroup decreased their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a report on Monday, September 21st. Finally, Evercore reiterated an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Profile

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.