Cullen Frost Bankers Inc. Has $16.95 Million Holdings in Intuit Inc. $INTU

Key Points

• Cullen Frost Bankers Inc. increased its holdings in Intuit Inc. by 5.8%, purchasing an additional 1,181 shares, bringing their total investment to $16.95 million.
• Multiple institutional investors have significantly increased their stakes in Intuit, with Dogwood Wealth Management lifting its stake by 111.8%.
• Intuit recently increased its quarterly dividend from $1.04 to $1.20, reflecting strong financial performance and a growth strategy.

Cullen Frost Bankers Inc. lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,520 shares of the software maker's stock after purchasing an additional 1,181 shares during the period. Cullen Frost Bankers Inc.'s holdings in Intuit were worth $16,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC lifted its stake in shares of Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at $32,000. RMG Wealth Management LLC acquired a new stake in shares of Intuit in the 2nd quarter valued at $37,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Finally, TD Capital Management LLC lifted its stake in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTU. Citigroup cut their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Bank of America cut 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. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. KeyCorp cut their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Morgan Stanley cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 over the last quarter. 2.68% of the stock is owned by company insiders.

Intuit Stock Performance

NASDAQ:INTU opened at $675.04 on Wednesday. The firm's 50-day moving average is $673.93 and its 200-day moving average is $696.36. Intuit Inc. has a 52-week low of $532.65 and a 52-week 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 company has a market cap of $188.20 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 2.57 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. 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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. 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 yield of 0.7%. Intuit's payout ratio is presently 34.93%.

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.

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