Temasek Holdings Private Ltd Takes $46.08 Million Position in Intuit Inc. $INTU

Key Points

• Temasek Holdings Private Ltd has purchased 75,043 shares of Intuit Inc., valued at approximately $46 million, marking a significant new stake in the software maker.
• Intuit recently reported earnings per share of $2.75 for the last quarter, exceeding expectations, alongside a 20.3% year-over-year revenue increase to $3.83 billion.
• The company announced a quarterly dividend increase to $1.20 per share, reflecting a trend of positive financial performance and confidence in future earnings.

Temasek Holdings Private Ltd acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 75,043 shares of the software maker's stock, valued at approximately $46,076,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after purchasing an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP boosted its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. boosted its stake in Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTU. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" 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 on the stock in a report on Friday, August 22nd. Evercore ISI increased their price target on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. 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 assigned a Sell rating to the company. According to MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the sale, the chief financial officer owned 768 shares of the company's stock, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,213 shares of company stock worth $7,115,570. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

NASDAQ:INTU traded down $0.79 during trading hours on Tuesday, reaching $670.89. The company had a trading volume of 1,254,198 shares, compared to its average volume of 2,090,479. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a market cap of $187.04 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 current ratio of 1.36 and a quick ratio of 1.36.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the company posted $1.99 earnings per share. Intuit's revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business 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 dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is presently 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.