Citrine Capital LLC Takes Position in Intuit Inc. $INTU

Key Points

• Citrine Capital LLC has acquired a new position in Intuit Inc. by purchasing 369 shares valued at approximately $291,000 during the second quarter.
• Intuit recently announced an increase in its quarterly dividend to $1.20 per share, up from its previous $1.04, reflecting a commitment to returning value to shareholders.
• The company's most recent earnings report exceeded analysts' expectations, with a revenue of $3.83 billion and an EPS of $2.75, indicating strong financial performance year over year.

Citrine Capital LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 369 shares of the software maker's stock, valued at approximately $291,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in 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 acquiring an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Intuit by 4.7% in 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 purchasing an additional 82,419 shares during the period. Vident Advisory LLC raised its holdings in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC lifted its stake in Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after purchasing an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its holdings in Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares during the period. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

INTU has been the subject of a number of recent research reports. Wells Fargo & Company set a $880.00 target price on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. UBS Group cut their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Bank of America dropped their target price 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. Finally, Morgan Stanley cut their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Buying and Selling

In other news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,376 shares of company stock valued at $4,056,031 in the last 90 days. 2.68% of the stock is owned by insiders.

Intuit Price Performance

Shares of Intuit stock opened at $682.91 on Wednesday. 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 52-week low of $532.65 and a 52-week high of $813.70. The company has a fifty day moving average of $706.99 and a 200-day moving average of $690.46. The stock has a market capitalization of $190.40 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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 company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the company earned $1.99 EPS. The firm's 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. Equities research analysts expect 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. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend 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 currently 30.28%.

About Intuit

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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