42,939 Shares in Intuit Inc. $INTU Acquired by Argent Capital Management LLC

Key Points

• Argent Capital Management has acquired 42,939 shares of Intuit Inc., valued at approximately $33.8 million, reflecting increased institutional interest in the software company.
• Intuit reported a quarterly earnings per share of $2.75, exceeding expectations, with revenue growth of 20.3% year-over-year, signaling strong performance in a competitive market.
• The company recently raised its quarterly dividend from $1.04 to $1.20 per share, which represents an annualized dividend yield of 0.7% and a payout ratio of 30.28%.

Argent Capital Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,939 shares of the software maker's stock, valued at approximately $33,820,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in INTU. Copia Wealth Management bought a new stake in shares of Intuit in the 4th quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC raised its holdings in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares in the last quarter. TD Capital Management LLC raised its stake in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Intuit during the first quarter worth $37,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Stifel Nicolaus dropped their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Barclays cut their price objective on shares of Intuit from $815.00 to $785.00 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 given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by company insiders.

Intuit Stock Up 2.1%

Shares of NASDAQ:INTU opened at $702.09 on Tuesday. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The stock has a market cap of $195.74 billion, a P/E ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26. The business has a fifty day moving average of $714.44 and a two-hundred day moving average of $686.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share 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 for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 EPS. The company'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 expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

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.

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