111 Capital Increases Stock Holdings in Intuit Inc. $INTU

Key Points

• 111 Capital increased its holdings in Intuit Inc. by 102.1% during the 2nd quarter, now owning 6,832 shares worth approximately $5.38 million.
• Intuit recently announced a quarterly dividend of $1.20 per share, up from $1.04, with an annualized yield of 0.7%.
• Analysts have mixed views on Intuit, with price targets ranging from $560.00 to $868.00 and an average rating of "Moderate Buy".

111 Capital boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 102.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,832 shares of the software maker's stock after purchasing an additional 3,452 shares during the quarter. Intuit makes up approximately 0.9% of 111 Capital's holdings, making the stock its 17th largest holding. 111 Capital's holdings in Intuit were worth $5,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in shares of 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. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of 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 increased its holdings in shares of 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 acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter valued at approximately $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTU shares. UBS Group lowered their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Oppenheimer boosted their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. One research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Stock Down 0.3%

INTU opened at $679.94 on Friday. Intuit Inc. has a one year low of $532.65 and a one year 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 stock's fifty day moving average is $700.95 and its 200-day moving average is $691.50. The company has a market capitalization of $189.57 billion, a PE ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.75 billion. During the same quarter in the previous year, the business earned $1.99 EPS. The company's quarterly 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. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is presently 30.28%.

Insider Buying and Selling

In other news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value 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 trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,785 shares of company stock valued at $2,029,299 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

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.

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