Intuit Inc. $INTU Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Intuit Inc. by 112.9% during Q1, now holding shares worth approximately $82.46 million.
• Intuit declared a quarterly dividend of $1.20, up from its previous dividend of $1.04, with an annualized yield of 0.7%.
• In its latest earnings report, Intuit reported $3.83 billion in revenue and $2.75 EPS, surpassing analysts' expectations.

AQR Capital Management LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 112.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,988 shares of the software maker's stock after purchasing an additional 72,641 shares during the quarter. AQR Capital Management LLC's holdings in Intuit were worth $82,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in Intuit during the 4th quarter worth $28,000. Vista Cima Wealth Management LLC acquired a new stake in Intuit during the 1st quarter worth $31,000. TD Capital Management LLC raised its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Intuit during the 1st quarter worth $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets lifted their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. CLSA assumed coverage on shares of Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target on the stock. UBS Group cut their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $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 quarter, insiders have sold 9,213 shares of company stock valued at $7,115,570. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $2.52 during midday trading on Thursday, hitting $658.78. The stock had a trading volume of 615,062 shares, compared to its average volume of 1,814,748. The company has a market capitalization of $183.67 billion, a PE ratio of 47.99, a P/E/G ratio of 2.59 and a beta of 1.26. The stock has a 50 day moving average price of $730.66 and a two-hundred day moving average price of $681.80. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. 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 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 business had revenue of $3.83 billion for 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%. The business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. 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. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's payout ratio is presently 30.28%.

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.