FORA Capital LLC Acquires New Shares in Intuit Inc. $INTU

Key Points

• FORA Capital LLC acquired 7,882 shares of Intuit Inc. valued at approximately $4.8 million during the first quarter.
• Intuit increased its quarterly dividend from $1.04 to $1.20 per share, reflecting a 0.7% yield.
• Analysts remain optimistic about Intuit, with the consensus rating being "Moderate Buy" and a target price of approximately $797.62.

FORA Capital LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,882 shares of the software maker's stock, valued at approximately $4,839,000.

A number of other large investors have also recently modified their holdings of INTU. GAMMA Investing LLC boosted its position in shares of Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after acquiring an additional 2,821,534 shares during the last quarter. Nuveen LLC bought a new stake in shares of Intuit during the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Down 0.2%

Shares of NASDAQ:INTU traded down $1.20 on Friday, hitting $667.00. 1,594,076 shares of the company traded hands, compared to its average volume of 2,167,229. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $747.30 and a 200-day simple moving average of $677.00. The company has a market cap of $186.06 billion, a PE ratio of 48.54, a PEG ratio of 2.59 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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 return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company 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. As a group, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business 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 is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio is 34.93%.

Insider Activity

In related news, insider Scott D. Cook sold 62,816 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the sale, the insider directly owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,817 shares of company stock valued at $82,475,471. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTU shares. Stifel Nicolaus dropped their target price on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. CLSA assumed coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target on the stock. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Morgan Stanley reduced their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research note 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 given a Sell rating to the stock. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Company Profile

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.