Bey Douglas LLC Acquires 3,677 Shares of Intuit Inc. $INTU

Bey Douglas LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 37.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,407 shares of the software maker’s stock after acquiring an additional 3,677 shares during the period. Intuit accounts for about 6.3% of Bey Douglas LLC’s investment portfolio, making the stock its 5th largest position. Bey Douglas LLC’s holdings in Intuit were worth $10,560,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Intuit in the 2nd quarter valued at about $37,000. CBIZ Investment Advisory Services LLC grew its stake in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC lifted its holdings in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter valued at about $37,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Down 0.5%

Shares of NASDAQ:INTU opened at $641.79 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a 50 day moving average of $686.93 and a two-hundred day moving average of $693.10. The company has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 2.49 and a beta of 1.25.

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

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s dividend payout ratio is 34.93%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INTU shares. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the company an “overweight” rating in a report on Friday, June 13th. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday. Citigroup reduced their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Profile

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.