M3 Advisory Group LLC Trims Position in Intuit Inc. $INTU

M3 Advisory Group LLC lessened its stake in Intuit Inc. (NASDAQ:INTU) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649 shares of the software maker’s stock after selling 48 shares during the period. M3 Advisory Group LLC’s holdings in Intuit were worth $511,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in INTU. Nuveen LLC purchased a new position in Intuit in the 1st quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the 1st quarter worth about $785,564,000. Price T Rowe Associates Inc. MD increased its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares during the period. Pictet Asset Management Holding SA increased its stake in Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after buying an additional 375,742 shares during the period. Finally, Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after buying an additional 358,328 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on 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 in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Down 0.5%

NASDAQ:INTU opened at $641.79 on Monday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market capitalization of $178.93 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company’s 50-day simple moving average is $686.93 and its 200-day simple moving average is $694.20.

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

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 34.93%.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTU. Barclays cut their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Bank of America cut their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Morgan Stanley cut their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. UBS Group cut their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Finally, Stifel Nicolaus cut their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $791.82.

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.