Abacus FCF Advisors LLC Raises Stock Position in Intuit Inc. $INTU

Key Points

• Abacus FCF Advisors LLC increased its stock position in Intuit Inc. by 50.4% in Q2, accumulating a total of 19,656 shares valued at approximately $15.48 million.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, up from $1.04, with the next payment scheduled for October 17th.
• Wall Street analysts exhibit mixed ratings for Intuit, with target prices ranging from $725 to $880, and an average rating of "Moderate Buy."

Abacus FCF Advisors LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 50.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,656 shares of the software maker's stock after buying an additional 6,583 shares during the quarter. Intuit comprises 2.2% of Abacus FCF Advisors LLC's portfolio, making the stock its 21st largest position. Abacus FCF Advisors LLC's holdings in Intuit were worth $15,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of INTU. Brighton Jones LLC grew its holdings in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after buying an additional 248 shares during the last quarter. GTS Securities LLC grew its holdings in shares of Intuit by 131.7% during the fourth quarter. GTS Securities LLC now owns 2,901 shares of the software maker's stock valued at $1,823,000 after buying an additional 12,060 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. grew its holdings in shares of Intuit by 1,602.6% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 647 shares of the software maker's stock valued at $407,000 after buying an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity

In related news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares of the company's stock, valued at approximately $600,744.96. The trade was a 77.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 in the last 90 days. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of INTU stock traded up $14.17 on Monday, hitting $702.09. 2,403,184 shares of the stock traded hands, compared to its average volume of 1,850,083. The firm has a market cap of $195.74 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50 day simple moving average of $715.45 and a two-hundred day simple moving average of $686.08. 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 posted its 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 company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the company posted $1.99 earnings per share. 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, equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is 30.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup cut their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. BMO Capital Markets increased their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. UBS Group lowered their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

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.