Mutual of America Capital Management LLC Reduces Holdings in Intuit Inc. $INTU

Mutual of America Capital Management LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 large investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its position in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC grew its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit during the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC grew its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director directly owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last 90 days. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

INTU has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Friday, November 21st. KeyCorp reduced their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Independent Research set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Up 3.0%

Shares of NASDAQ INTU opened at $563.97 on Monday. The stock has a market capitalization of $156.94 billion, a PE ratio of 38.55, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average of $637.23 and a 200-day moving average of $675.14. Intuit Inc. has a 52-week low of $520.69 and a 52-week high of $813.70.

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

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were given 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 yield of 0.9%. Intuit’s payout ratio is 32.81%.

Intuit Profile

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.