Financiere des Professionnels Fonds d investissement inc. Invests $601,000 in Intuit Inc. $INTU

Key Points

• Financiere des Professionnels Fonds d'investissement inc. has acquired 763 shares of Intuit Inc. for approximately $601,000 in the second quarter.
• Intuit's stock price has seen an increase of 1.7% recently, with current trading around $662.68, amidst various institutional investments and stake adjustments.
• The company has reported $2.75 EPS for the latest quarter, surpassing estimates, and plans to increase its quarterly dividend to $1.20 per share, up from $1.04.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 763 shares of the software maker's stock, valued at approximately $601,000.

Other large investors also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the 4th quarter valued at approximately $28,000. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit in the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC increased its stake in Intuit by 1,566.7% during the 1st 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. Finally, TD Capital Management LLC increased its stake in 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 purchasing an additional 46 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. BMO Capital Markets increased their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Stifel Nicolaus decreased their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Evercore ISI raised their price target on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $797.62.

Insider Buying and Selling

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the transaction, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. This represents a 79.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction that occurred 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 in the company, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock valued at $7,558,613 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Shares of INTU traded up $12.96 during midday trading on Friday, reaching $687.92. 4,062,723 shares of the stock were exchanged, compared to its average volume of 1,846,338. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $191.79 billion, a P/E ratio of 50.07, a PEG ratio of 2.56 and a beta of 1.26. The stock's 50 day simple moving average is $716.65 and its 200 day simple moving average is $684.44.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results 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. 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 quarter last year, the firm earned $1.99 earnings per share. The company's revenue 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. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. 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 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.