944 Shares in Intuit Inc. $INTU Acquired by Charter Oak Capital Management LLC

Key Points

• Charter Oak Capital Management LLC invested approximately $744,000 in Intuit Inc., acquiring 944 shares during the second quarter.
• Intuit recently reported earnings per share of $2.75 for the latest quarter, exceeding expectations and showing a 20.3% increase in revenue year-over-year.
• The company has declared a quarterly dividend of $1.20, increasing its annualized dividend to $4.80, representing a yield of 0.7%.

Charter Oak Capital Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 944 shares of the software maker's stock, valued at approximately $744,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Vanguard Group Inc. raised its stake in Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Intuit by 7.8% during 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 boosted its holdings 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 acquiring an additional 358,328 shares during the period. Brown Advisory Inc. boosted its holdings 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 acquiring an additional 252,265 shares during the period. Finally, Invesco Ltd. boosted its holdings in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Down 0.4%

Shares of Intuit stock traded down $2.81 on Tuesday, hitting $699.28. The company had a trading volume of 593,357 shares, compared to its average volume of 1,842,896. The stock has a 50 day moving average of $714.44 and a 200-day moving average of $686.73. 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 1 year low of $532.65 and a 1 year high of $813.70. The stock has a market capitalization of $194.96 billion, a price-to-earnings ratio of 50.98, a P/E/G ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly 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 return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company earned $1.99 earnings per share. The business'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. As a group, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 30.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTU shares. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. Morgan Stanley cut their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Barclays cut their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the firm's 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 in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. 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 Intuit stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock valued at $7,558,613 in the last ninety days. 2.68% of the stock is 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.