Alyeska Investment Group L.P. Boosts Stock Position in Intuit Inc. $INTU

Key Points

• Alyeska Investment Group L.P. increased its stake in Intuit Inc. by 51.5%, acquiring an additional 40,290 shares, bringing its total holdings to 118,490 shares valued at $72.75 million.
• Intuit recently reported earnings of $2.75 EPS for the quarter, surpassing analyst expectations, with revenue of $3.83 billion, a 20.3% increase compared to the previous year.
• Intuit announced a quarterly dividend increase from $1.04 to $1.20, with the ex-dividend date set for October 9th, reflecting positive financial performance.

Alyeska Investment Group L.P. increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 51.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,490 shares of the software maker's stock after acquiring an additional 40,290 shares during the period. Alyeska Investment Group L.P.'s holdings in Intuit were worth $72,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after acquiring an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Intuit by 7.8% during the first 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 period. Wellington Management Group LLP grew its holdings in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. grew its holdings in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. grew its holdings in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of Intuit stock in a transaction on Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares in the company, valued at $356,760.95. The trade was a 79.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,029 shares of company stock valued at $55,231,998 in the last three months. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $4.53 during trading on Friday, reaching $672.82. The stock had a trading volume of 1,614,052 shares, compared to its average volume of 2,175,109. 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 business has a fifty day moving average price of $737.50 and a 200-day moving average price of $680.60. The stock has a market cap of $187.58 billion, a PE ratio of 48.97, a PEG ratio of 2.60 and a beta of 1.26. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion for 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 business's revenue was up 20.3% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is presently 30.28%.

Analyst Ratings Changes

Several brokerages have commented on INTU. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Evercore ISI raised their price objective on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Bank of America dropped their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently 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.