Intuit Inc. $INTU Shares Bought by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Intuit Inc. by 53.8% in the 2nd quarter, valuing its holdings at $3.91 million.
• Intuit recently announced a boost in its quarterly dividend from $1.04 to $1.20, representing a 0.7% dividend yield.
• In the latest earnings report, Intuit surpassed earnings estimates with $2.75 EPS and reported revenue of $3.83 billion, a 20.3% increase year-over-year.

Baader Bank Aktiengesellschaft grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 53.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,966 shares of the software maker's stock after purchasing an additional 1,737 shares during the period. Baader Bank Aktiengesellschaft's holdings in Intuit were worth $3,908,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Copia Wealth Management bought a new stake in shares of Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit during the 4th quarter valued at about $28,000. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit during the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 purchasing an additional 47 shares in the last quarter. Finally, TD Capital Management LLC boosted its stake in shares of 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 purchasing an additional 46 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets boosted their price objective 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 objective on the stock. Finally, KeyCorp dropped their price objective on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Trading Up 1.9%

Shares of Intuit stock traded up $12.96 during trading on Friday, hitting $687.92. The stock had a trading volume of 4,062,723 shares, compared to its average volume of 2,166,550. The firm's fifty day simple moving average is $715.45 and its 200-day simple moving average is $685.53. The stock has a market cap of $191.80 billion, a PE ratio of 50.07, a PEG ratio of 2.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is 34.93%.

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.