Aware Super Pty Ltd as trustee of Aware Super Purchases 27,834 Shares of Intuit Inc. $INTU

Key Points

• Aware Super Pty Ltd significantly increased its stake in Intuit Inc. by 88% during Q2, acquiring an additional 27,834 shares, bringing its total to 59,454 shares valued at approximately $46.8 million.
• Intuit has recently experienced changes in analyst ratings, with new target prices set by firms like Rothschild & Co and Bank of America, indicating mixed sentiments about its stock performance.
• The company announced an increased quarterly dividend of $1.20 per share, representing a positive shift from its previous dividend of $1.04.

Aware Super Pty Ltd as trustee of Aware Super boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 88.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 59,454 shares of the software maker's stock after acquiring an additional 27,834 shares during the period. Intuit accounts for approximately 0.7% of Aware Super Pty Ltd as trustee of Aware Super's portfolio, making the stock its 29th largest holding. Aware Super Pty Ltd as trustee of Aware Super's holdings in Intuit were worth $46,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Dogwood Wealth Management LLC raised its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC purchased a new position in Intuit during the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC grew its holdings in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC grew 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 valued at $34,000 after buying an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Intuit during the 1st quarter valued at about $37,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTU has been the subject of a number of recent analyst reports. Rothschild & Co Redburn lifted their target price on Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reduced their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Bank of America reduced their target price on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Oppenheimer lifted 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. Finally, Barclays reduced their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $791.82.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 529 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is owned by insiders.

Intuit Stock Down 0.7%

Shares of NASDAQ INTU opened at $652.69 on Thursday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $181.97 billion, a price-to-earnings ratio of 47.50, a PEG ratio of 2.54 and a beta of 1.25. The business has a 50-day moving average of $679.57 and a 200-day moving average of $694.05.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm earned $1.99 earnings per share. Intuit's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts expect 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. Investors of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 34.93%.

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.

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