Intuit Inc. $INTU Shares Acquired by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Intuit Inc. by 6.3% in Q2, holding 68,334 shares worth approximately $53.82 million.
• Insiders sold a total of 9,879 shares of Intuit stock valued at over $7.5 million in the last quarter, with significant sales reported by Director Scott D. Cook and CFO Sandeep Aujla.
• Intuit recently announced an increase in its quarterly dividend to $1.20 per share, reflecting a boost from the previous $1.04 dividend, with a payout ratio of 30.28%.

Czech National Bank boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,334 shares of the software maker's stock after purchasing an additional 4,042 shares during the period. Czech National Bank's holdings in Intuit were worth $53,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new position in shares of Intuit in the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the fourth quarter worth about $28,000. CBIZ Investment Advisory Services LLC raised its position in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares during the period. TD Capital Management LLC raised its position in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new position in shares of Intuit in the first quarter worth about $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Susquehanna reiterated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Morgan Stanley reduced 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. Finally, Piper Sandler restated an "overweight" rating and set a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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 of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the transaction, the chief accounting officer directly owned 455 shares of the company's stock, valued at $356,760.95. The trade was a 79.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock worth $7,558,613 in the last three months. 2.68% of the stock is currently owned by corporate insiders.

Intuit Price Performance

NASDAQ INTU traded up $12.96 during trading hours on Friday, hitting $687.92. 4,062,723 shares of the company's stock traded hands, compared to its average volume of 2,166,550. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a market capitalization of $191.79 billion, a PE ratio of 50.07, a PEG ratio of 2.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50-day moving average is $715.45 and its 200-day moving average is $685.06.

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 for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the prior year, the company posted $1.99 EPS. 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. Equities analysts forecast that Intuit Inc. will post 14.09 EPS 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. 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. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is 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.