Clark Capital Management Group Inc. Acquires 1,364 Shares of Intuit Inc. $INTU

Key Points

• Clark Capital Management Group Inc. increased its ownership of Intuit Inc. by 19.2%, purchasing an additional 1,364 shares in the first quarter, bringing its total holdings to 8,486 shares valued at approximately $5.21 million.
• Intuit declared a quarterly dividend of $1.20 per share, an increase from its previous $1.04 dividend, with the payment scheduled for October 17th.
• The company reported quarterly earnings of $2.75 per share, exceeding analysts' expectations, and a year-over-year revenue increase of 20.3% to $3.83 billion.

Clark Capital Management Group Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,486 shares of the software maker's stock after purchasing an additional 1,364 shares during the quarter. Clark Capital Management Group Inc.'s holdings in Intuit were worth $5,211,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the fourth quarter worth about $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit during the first quarter worth about $31,000. TD Capital Management LLC grew its position in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intuit in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTU. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a research note on Friday, May 23rd. Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Morgan Stanley reduced their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Finally, Oppenheimer lifted their price target on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Performance

Shares of Intuit stock traded up $4.53 on Friday, reaching $672.82. 1,614,052 shares of the company were exchanged, compared to its average volume of 2,172,303. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $187.58 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 2.60 and a beta of 1.26. The company's 50-day moving average is $737.50 and its two-hundred day moving average is $680.60.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is presently 30.28%.

Insider Activity

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the completion of the sale, the insider owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. The trade was a 79.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,029 shares of company stock valued at $55,231,998 in the last three months. 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.