Advent International L.P. Purchases 1,675 Shares of Intuit Inc. $INTU

Key Points

• Advent International L.P. increased its holdings in Intuit Inc. by 46% during the first quarter, acquiring 1,675 additional shares, bringing their total to 5,318 shares valued at $3,265,000.
• Institutional investors collectively own 83.66% of Intuit's stock, with other notable investments including GAMMA Investing LLC increasing its position by a staggering 69,701.9%.
• Intuit announced a quarterly dividend increase to $1.20, up from $1.04, with an annualized yield of 0.7%, which will be paid to shareholders on October 17th.

Advent International L.P. increased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 46.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,318 shares of the software maker's stock after buying an additional 1,675 shares during the quarter. Intuit comprises about 0.1% of Advent International L.P.'s portfolio, making the stock its 20th biggest position. Advent International L.P.'s holdings in Intuit were worth $3,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTU. GAMMA Investing LLC raised its position in shares of Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares during the period. Nuveen LLC bought a new position in shares of Intuit in the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit during the first quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intuit by 33.5% during the fourth 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 worth $1,930,765,000 after acquiring an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 649,212 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INTU shares. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Oppenheimer increased their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Evercore ISI raised their price target on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Citigroup reduced their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the stock a "buy" rating in a research report on Friday, May 23rd. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Price Performance

INTU opened at $667.00 on Tuesday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a 50-day moving average of $745.39 and a 200 day moving average of $678.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. The firm has a market cap of $186.06 billion, a P/E ratio of 48.54, a PEG ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. The company'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. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given 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 yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 30.28%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction 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 of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,488 shares of company stock valued at $56,356,595. 2.68% of the stock is currently owned by insiders.

Intuit 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.

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