McLean Asset Management Corp Acquires 24 Shares of Intuit Inc. $INTU

McLean Asset Management Corp boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 522 shares of the software maker’s stock after purchasing an additional 24 shares during the period. McLean Asset Management Corp’s holdings in Intuit were worth $404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Financial Group LLC bought a new stake in Intuit in the second quarter valued at about $209,000. Kera Capital Partners Inc. bought a new stake in Intuit in the second quarter valued at about $530,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in Intuit in the first quarter valued at about $6,356,000. Voya Investment Management LLC increased its stake in Intuit by 22.9% in the first quarter. Voya Investment Management LLC now owns 117,262 shares of the software maker’s stock valued at $71,998,000 after acquiring an additional 21,813 shares during the period. Finally, Howe & Rusling Inc. increased its stake in Intuit by 93.1% in the first quarter. Howe & Rusling Inc. now owns 20,985 shares of the software maker’s stock valued at $12,884,000 after acquiring an additional 10,118 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 2.2%

Shares of NASDAQ:INTU opened at $646.03 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. 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 has a market capitalization of $180.11 billion, a PE ratio of 47.02, a PEG ratio of 2.55 and a beta of 1.26. The company has a 50 day moving average price of $725.50 and a two-hundred day moving average price of $683.06.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is currently 30.28%.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 42 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares of the company’s stock, valued at $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction 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. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,879 shares of company stock valued at $7,558,613. Corporate insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on INTU shares. Piper Sandler reaffirmed an “overweight” rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley decreased their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $797.62.

Intuit Company 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.