Intuit Inc. $INTU Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,929 shares of the software maker’s stock after selling 1,892 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Intuit were worth $23,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Sequoia Financial Advisors LLC boosted its holdings in Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after purchasing an additional 1,433 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Intuit during the second quarter worth $1,733,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Intuit by 19.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after purchasing an additional 4,913 shares during the period. Liberty One Investment Management LLC lifted its position in shares of Intuit by 31.8% in the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after buying an additional 2,326 shares during the last quarter. Finally, denkapparat Operations GmbH acquired a new position in shares of Intuit in the 2nd quarter valued at about $830,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 388,464 shares of company stock valued at $255,514,393. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $563.97 on Monday. Intuit Inc. has a 12-month low of $520.69 and a 12-month high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $156.94 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. The business has a 50 day simple moving average of $637.23 and a 200 day simple moving average of $675.14.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.9%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTU. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. BMO Capital Markets dropped their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Independent Research set a $875.00 price target on Intuit in a report on Tuesday, November 18th. Wolfe Research reduced their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, UBS Group set a $739.00 target price on Intuit in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.73.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.