Parkwood LLC Makes New $19.58 Million Investment in Intuit Inc. $INTU

Key Points

• Parkwood LLC has acquired a new position in Intuit Inc., purchasing 31,894 shares valued at approximately $19.58 million, making the stock 1.8% of their portfolio.
• Intuit recently reported a quarterly EPS of $2.75, exceeding estimates, with a revenue of $3.83 billion, reflecting a year-over-year increase of 20.3%.
• The company has announced an increase in its quarterly dividend to $1.20 per share, with an ex-dividend date set for October 9th.

Parkwood LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 31,894 shares of the software maker's stock, valued at approximately $19,582,000. Intuit comprises approximately 1.8% of Parkwood LLC's holdings, making the stock its 18th biggest position.

Several other institutional investors have also made changes to their positions in INTU. Brighton Jones LLC grew its position in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Intuit by 14.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock worth $1,252,000 after purchasing an additional 248 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Intuit by 2.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 36,889 shares of the software maker's stock worth $23,185,000 after purchasing an additional 813 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in Intuit by 16.9% in the fourth quarter. Clark Capital Management Group Inc. now owns 7,122 shares of the software maker's stock worth $4,476,000 after purchasing an additional 1,028 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the sale, the chief financial officer owned 768 shares in the company, valued at $600,744.96. The trade was a 77.14% 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, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,213 shares of company stock valued at $7,115,570 in the last three months. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

INTU stock traded down $0.79 on Tuesday, reaching $670.89. 1,254,198 shares of the company were exchanged, compared to its average volume of 2,090,479. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock's fifty day moving average price is $733.01 and its 200 day moving average price is $681.97. The firm has a market capitalization of $187.04 billion, a PE ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Intuit's 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, research analysts anticipate 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. Investors 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 yield of 0.7%. This is an increase 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTU shares. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. Evercore ISI upped their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $797.62.

About Intuit

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.