Alta Capital Management LLC Has $58.21 Million Position in Intuit Inc. $INTU

Key Points

• Alta Capital Management LLC raised its holdings in Intuit Inc. by 3.2%, now owning 73,904 shares valued at approximately $58.21 million, making it the firm's 8th largest investment.
• Intuit's recent earnings report showed a 20.3% year-over-year increase in revenue, achieving $3.83 billion in the last quarter and beating earnings per share estimates by $0.09.
• The company announced a quarterly dividend increase to $1.20 per share, up from $1.04, with an ex-dividend date of October 9th and a yield of 0.7%.

Alta Capital Management LLC increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,904 shares of the software maker's stock after buying an additional 2,274 shares during the quarter. Intuit comprises 3.3% of Alta Capital Management LLC's portfolio, making the stock its 8th largest holding. Alta Capital Management LLC's holdings in Intuit were worth $58,210,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its position in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in Intuit in the first quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC lifted its position in Intuit by 1,566.7% in the first 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 during the period. TD Capital Management LLC lifted its position in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the first quarter worth approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

INTU opened at $652.69 on Thursday. The stock has a fifty day moving average of $679.57 and a 200-day moving average of $694.05. The firm has a market capitalization of $181.97 billion, a P/E ratio of 47.50, a PEG ratio of 2.54 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-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.

Intuit (NASDAQ:INTU - Get Free Report) last released its 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. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is 34.93%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,407 shares of company stock worth $1,614,913. Corporate insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTU. Rothschild & Co Redburn upped their target price on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Morgan Stanley cut their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

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.

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