Amundi Purchases 56,445 Shares of Intuit Inc. $INTU

Key Points

• Amundi has increased its stake in Intuit Inc. by 2.4%, acquiring an additional 56,445 shares, bringing its total holdings to approximately $1.42 billion.
• Intuit recently reported better-than-expected quarterly earnings, with EPS of $2.75 compared to the consensus estimate of $2.66, and indicated strong revenue growth of 20.3% year-over-year.
• The company announced a quarterly dividend increase from $1.04 to $1.20 per share, reflecting a dividend yield of 0.7% and a payout ratio of 30.28%.

Amundi lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,362,730 shares of the software maker's stock after acquiring an additional 56,445 shares during the period. Amundi owned approximately 0.85% of Intuit worth $1,416,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of INTU. Decatur Capital Management Inc. raised its holdings in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after purchasing an additional 16 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Intuit by 18.4% during the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after purchasing an additional 18 shares during the last quarter. Chris Bulman Inc boosted its holdings in Intuit by 1.2% during the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after purchasing an additional 18 shares during the last quarter. Cascade Investment Group Inc. boosted its holdings in Intuit by 0.8% during the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock worth $1,482,000 after purchasing an additional 18 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in Intuit by 1.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Performance

Shares of INTU stock traded up $4.53 during midday trading on Friday, hitting $672.82. 1,614,052 shares of the company were exchanged, compared to its average volume of 2,175,109. The firm has a market capitalization of $187.58 billion, a P/E ratio of 48.97, a PEG ratio of 2.60 and a beta of 1.26. 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's 50 day moving average price is $737.50 and its two-hundred day moving average price is $680.60. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. 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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently announced 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 represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 30.28%.

Analysts Set New Price Targets

INTU has been the subject of several recent research reports. Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. UBS Group cut their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price objective on Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. One research 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% 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 worth $55,231,998 in the last ninety days. Insiders own 2.68% of the company's stock.

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.