Bayforest Capital Ltd Invests $777,000 in Intuit Inc. $INTU

Key Points

• Bayforest Capital Ltd invested $777,000 in Intuit Inc., acquiring 987 shares during the second quarter.
• Intuit's stock has seen a 2.2% increase, with earnings exceeding estimates and a quarterly revenue growth of 20.3% year-over-year.
• The company has announced a dividend increase, with a new quarterly payment of $1.20 per share, up from $1.04, effective October 17th.

Bayforest Capital Ltd purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 987 shares of the software maker's stock, valued at approximately $777,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC grew its stake in Intuit by 21.0% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,887 shares of the software maker's stock worth $3,061,000 after buying an additional 675 shares during the last quarter. Boston Trust Walden Corp grew its stake in Intuit by 9.8% during the 2nd quarter. Boston Trust Walden Corp now owns 3,409 shares of the software maker's stock worth $2,685,000 after buying an additional 305 shares during the last quarter. Morningstar Investment Management LLC purchased a new position in Intuit during the 2nd quarter worth approximately $468,000. RFG Advisory LLC grew its stake in Intuit by 2.6% during the 2nd quarter. RFG Advisory LLC now owns 2,055 shares of the software maker's stock worth $1,618,000 after buying an additional 53 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Intuit by 7.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 8,025 shares of the software maker's stock worth $6,321,000 after buying an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Up 2.2%

Shares of NASDAQ:INTU opened at $655.68 on Tuesday. The firm has a market cap of $182.80 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 2.48 and a beta of 1.25. 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 stock's 50-day moving average price is $684.34 and its two-hundred day moving average price is $694.59. 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 quarterly earnings data 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. Intuit's revenue for the quarter 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. On average, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. 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%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. Barclays dropped their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note 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 research note on Monday, July 28th. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. UBS Group reduced their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Finally, Citigroup reduced their price target on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly 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 disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last quarter. Insiders own 2.68% of the company's stock.

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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