526 Shares in Intuit Inc. $INTU Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired a new position in Intuit Inc., purchasing 526 shares valued at approximately $323,000 during the first quarter.
• Intuit's most recent earnings report showed a 20.3% increase in quarterly revenue year-over-year, with earnings per share of $2.75 exceeding expectations.
• The company recently announced a quarterly dividend increase to $1.20 per share, marking a significant boost from their previous payment of $1.04.

MBB Public Markets I LLC bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 526 shares of the software maker's stock, valued at approximately $323,000.

Other hedge funds also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in Intuit in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new position in Intuit in the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth approximately $31,000. TD Capital Management LLC increased its stake in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth approximately $37,000. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on INTU. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Piper Sandler reaffirmed an "overweight" rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Citigroup decreased their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. UBS Group decreased their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Finally, KeyCorp lowered their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Price Performance

Shares of INTU stock opened at $671.68 on Tuesday. The firm has a market cap of $187.27 billion, a P/E ratio of 48.89, a P/E/G ratio of 2.60 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The business's 50 day moving average price is $735.18 and its 200-day moving average price is $682.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

Insider Buying and Selling

In other news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares in the company, valued at $356,760.95. This trade represents a 79.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% 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 worth $7,115,570 over the last quarter. Company insiders own 2.68% of the company's stock.

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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