Caxton Associates LLP Takes $1.93 Million Position in Intuit Inc. $INTU

Key Points

• Caxton Associates LLP has invested approximately $1.93 million in Intuit Inc., acquiring 3,149 shares during the first quarter.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20, with an annualized yield of 0.7%, to be paid on October 17th.
• The company reported a 20.3% increase in quarterly revenue year-over-year, totaling $3.83 billion, with earnings per share at $2.75, exceeding analysts' expectations.

Caxton Associates LLP bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,149 shares of the software maker's stock, valued at approximately $1,933,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after buying an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares during the period. Wellington Management Group LLP lifted its stake in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. Brown Advisory Inc. lifted its stake in shares of Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after buying an additional 252,265 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after buying an additional 36,513 shares during the period. Institutional investors own 83.66% of the company's stock.

Intuit Trading Down 0.1%

INTU traded down $0.79 during trading on Tuesday, reaching $670.89. 1,254,198 shares of the company's stock were exchanged, compared to its average volume of 2,090,479. The company's fifty day moving average price is $733.01 and its 200-day moving average price is $681.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a market capitalization of $187.04 billion, a PE ratio of 48.83, a P/E/G ratio of 2.59 and a beta of 1.26.

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, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm 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 business earned $1.99 EPS. The business's quarterly revenue was up 20.3% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is 30.28%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Piper Sandler reissued an "overweight" rating and issued a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Morgan Stanley dropped their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Oppenheimer increased their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Intuit from $850.00 to $800.00 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 have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,213 shares of company stock worth $7,115,570. 2.68% of the stock is currently owned by insiders.

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.