1,951 Shares in Intuit Inc. $INTU Bought by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. acquired 1,951 shares of Intuit Inc. valued at approximately $1.54 million during the second quarter, indicating growing interest from institutional investors.
• Analysts have generally lowered their price targets for Intuit, with the average target now at $791.82, while the stock has an average rating of "Moderate Buy."
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20 per share, boosting its dividend yield to 0.7% and demonstrating a commitment to returning value to shareholders.

Cookson Peirce & Co. Inc. bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,951 shares of the software maker's stock, valued at approximately $1,537,000.

Several other large investors have also added to or reduced their stakes in the business. Brookstone Capital Management boosted its holdings in Intuit by 3.5% during the second quarter. Brookstone Capital Management now owns 2,073 shares of the software maker's stock worth $1,632,000 after purchasing an additional 70 shares during the last quarter. Phillips Financial Management LLC acquired a new position in Intuit during the second quarter worth $228,000. Jacobsen Capital Management boosted its holdings in Intuit by 11.5% during the second quarter. Jacobsen Capital Management now owns 613 shares of the software maker's stock worth $483,000 after purchasing an additional 63 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Intuit by 1.1% during the second quarter. D.A. Davidson & CO. now owns 10,366 shares of the software maker's stock worth $8,165,000 after purchasing an additional 109 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Intuit by 5.8% during the second quarter. Cullen Frost Bankers Inc. now owns 21,520 shares of the software maker's stock worth $16,950,000 after purchasing an additional 1,181 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Morgan Stanley cut their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Price Performance

INTU stock opened at $670.77 on Thursday. The company's 50-day moving average price is $673.11 and its two-hundred day moving average price is $696.19. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. 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 firm has a market cap of $187.01 billion, a P/E ratio of 48.82, a P/E/G ratio of 2.61 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the firm posted $1.99 EPS. The company's revenue for the quarter 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, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were 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%. The ex-dividend date was Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 34.93%.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last quarter. Company 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.

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