50,980 Shares in Intuit Inc. $INTU Bought by Ardmore Road Asset Management LP

Key Points

• Ardmore Road Asset Management LP acquired 50,980 shares of Intuit Inc. for approximately $31.3 million, making it the company's 13th largest holding.
• Analyst ratings for Intuit vary, with a consensus rating of "Moderate Buy" and a price target averaging $797.62 following recent adjustments by brokerages.
• Intuit announced a quarterly dividend increase to $1.20 per share, reflecting a positive change from the previous dividend of $1.04, alongside a strong performance in their latest earnings report.

Ardmore Road Asset Management LP bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,980 shares of the software maker's stock, valued at approximately $31,301,000. Intuit makes up about 3.1% of Ardmore Road Asset Management LP's investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Copia Wealth Management purchased a new stake in Intuit during the 4th quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit during the 4th quarter worth about $28,000. TD Capital Management LLC lifted its holdings 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 buying an additional 46 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in Intuit during the 1st quarter worth about $37,000. Finally, Activest Wealth Management lifted its holdings in Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock worth $39,000 after buying an additional 61 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INTU. Oppenheimer boosted their target price on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. Evercore ISI boosted their target price on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. BMO Capital Markets boosted their target price on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group reduced their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Performance

NASDAQ INTU traded up $6.69 on Wednesday, hitting $668.68. 1,983,565 shares of the company's stock were exchanged, compared to its average volume of 1,823,036. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The firm's 50-day moving average price is $743.45 and its two-hundred day moving average price is $678.79. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a market cap of $186.53 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 30.28%.

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.