Caisse DE Depot ET Placement DU Quebec Boosts Position in Intuit Inc. $INTU

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Intuit Inc. by 30.8%, now owning 105,250 shares valued at approximately $64.6 million.
• Intuit reported a 20.3% increase in quarterly revenue year-over-year, with earnings per share of $2.75 surpassing analysts' expectations.
• The company recently increased its quarterly dividend to $1.20 per share, reflecting a positive change from the previous dividend of $1.04.

Caisse DE Depot ET Placement DU Quebec increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,250 shares of the software maker's stock after buying an additional 24,767 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Intuit were worth $64,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after buying an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. increased its stake in Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Northern Trust Corp increased its stake in Intuit by 17.3% in the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after purchasing an additional 498,030 shares during the period. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INTU shares. Barclays decreased 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. KeyCorp decreased their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their price target 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 decreased their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Finally, Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Stock Down 0.2%

Shares of NASDAQ INTU traded down $1.20 during mid-day trading on Friday, hitting $667.00. 1,594,076 shares of the stock traded hands, compared to its average volume of 2,167,229. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a market cap of $186.06 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.59 and a beta of 1.28. The stock has a fifty day moving average price of $747.30 and a 200-day moving average price of $677.70.

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, beating 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $1.99 earnings per share. The firm'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. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business 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 $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. 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. Intuit's dividend payout ratio is presently 30.28%.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director directly owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 42 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,817 shares of company stock valued at $82,475,471. Company insiders own 2.68% of the company's stock.

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.