Motco Has $13.03 Million Stock Holdings in Intuit Inc. $INTU

Motco increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,597 shares of the software maker’s stock after acquiring an additional 302 shares during the quarter. Intuit makes up approximately 1.2% of Motco’s portfolio, making the stock its 21st largest position. Motco’s holdings in Intuit were worth $13,031,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its position 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 purchasing an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC lifted its position 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 purchasing an additional 47 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $32,000. Finally, TD Capital Management LLC lifted its position 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 purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INTU shares. Oppenheimer boosted their price objective on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. KeyCorp lowered their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of the 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 sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Intuit Trading Down 0.7%

INTU stock opened at $678.93 on Wednesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a market cap of $189.29 billion, a P/E ratio of 49.41, a P/E/G ratio of 2.64 and a beta of 1.25. The business’s 50 day moving average is $670.66 and its 200-day moving average is $701.09. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $1.99 EPS. The company’s revenue 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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is currently 34.93%.

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.