1,046 Shares in Intuit Inc. $INTU Acquired by Barden Capital Management Inc.

Key Points

• Barden Capital Management Inc. has acquired 1,046 shares of Intuit Inc., valued at approximately $824,000, during the second quarter.
• Multiple hedge funds, including Invesco Ltd. and Charles Schwab Investment Management, have increased their stakes in Intuit, reflecting strong institutional investor interest.
• Intuit has announced a quarterly dividend increase from $1.04 to $1.20, with a yield of 0.7% and a payout ratio of 34.93%.

Barden Capital Management Inc. purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,046 shares of the software maker's stock, valued at approximately $824,000.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after buying an additional 82,419 shares in the last quarter. Vident Advisory LLC grew its stake in Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after buying an additional 8,510 shares in the last quarter. Circle Wealth Management LLC grew its stake in Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after buying an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after buying an additional 623 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INTU shares. Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. CLSA started coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Stock Performance

Intuit stock opened at $652.69 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $181.97 billion, a PE ratio of 47.50, a P/E/G ratio of 2.54 and a beta of 1.25. The firm has a fifty day simple moving average of $679.57 and a two-hundred day simple moving average of $694.05. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

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

Intuit Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is currently 34.93%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares of the company's stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 over the last three months. Corporate insiders own 2.68% of the company's stock.

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.