Benchstone Capital Management LP Makes New $30.18 Million Investment in Intuit Inc. $INTU

Key Points

• Benchstone Capital Management LP acquired 49,146 shares of Intuit Inc., valued at approximately $30.2 million, making it the firm's 14th largest holding.
• Intuit recently reported $2.75 EPS for the quarter, exceeding analysts' expectations, with a revenue of $3.83 billion, marking a 20.3% annual increase.
• The company announced an increase in its quarterly dividend to $1.20 per share, set to be paid on October 17th, up from the previous $1.04.

Benchstone Capital Management LP purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,146 shares of the software maker's stock, valued at approximately $30,175,000. Intuit accounts for about 3.2% of Benchstone Capital Management LP's investment portfolio, making the stock its 14th largest position.

Several other hedge funds have also recently made changes to their positions in INTU. Copia Wealth Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in Intuit in the fourth quarter worth $28,000. Vista Cima Wealth Management LLC bought a new stake in Intuit in the first quarter worth $31,000. TD Capital Management LLC boosted its holdings in Intuit by 511.1% in the first 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 bought a new position in shares of Intuit during the first quarter valued at $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price target on shares of Intuit in a report on Tuesday. Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Piper Sandler reiterated an "overweight" rating and set a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Insiders Place Their Bets

In other news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the firm's stock in a transaction that occurred 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 directly owned 831 shares of the company's stock, valued at $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is currently owned by company insiders.

Intuit Price Performance

NASDAQ INTU traded up $6.69 during trading on Wednesday, hitting $668.68. 1,979,251 shares of the stock traded hands, compared to its average volume of 2,098,216. The company has a market capitalization of $186.53 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The firm has a 50-day simple moving average of $743.45 and a 200-day simple moving average of $678.79. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released 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. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend 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.