Canada Pension Plan Investment Board Raises Stock Position in Intuit Inc. $INTU

Key Points

• Canada Pension Plan Investment Board increased its stake in Intuit Inc. by 97.8% during the 1st quarter, now holding approximately 491,892 shares worth $302 million.
• Intuit recently reported earnings per share of $2.75, surpassing expectations and showing a 20.3% revenue increase year-over-year, with quarterly revenue of $3.83 billion.
• The company announced an increased quarterly dividend of $1.20 per share, set to be paid on October 17th, reflecting a boost from the previous dividend of $1.04.

Canada Pension Plan Investment Board boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 97.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 491,892 shares of the software maker's stock after purchasing an additional 243,169 shares during the period. Canada Pension Plan Investment Board owned about 0.18% of Intuit worth $302,017,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after acquiring an additional 82,419 shares during the period. Pinnacle Financial Partners Inc grew its holdings in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after acquiring an additional 623 shares during the period. Circle Wealth Management LLC grew its holdings in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after acquiring an additional 865 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in Intuit during the 4th quarter worth about $109,988,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,817 shares of company stock valued at $82,475,471 in the last quarter. 2.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTU. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research note on Friday, August 22nd. Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Price Performance

Shares of INTU stock traded down $1.20 on Monday, reaching $667.00. The company's stock had a trading volume of 1,594,076 shares, compared to its average volume of 2,172,437. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a market capitalization of $186.06 billion, a P/E ratio of 48.54, a PEG ratio of 2.57 and a beta of 1.26. The stock's 50 day simple moving average is $747.30 and its 200-day simple moving average is $678.35.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating 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 firm's revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.99 earnings per share. 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, equities analysts predict 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. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is currently 30.28%.

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.