DekaBank Deutsche Girozentrale Has $246.12 Million Stake in Intuit Inc. $INTU

Key Points

• DekaBank Deutsche Girozentrale has increased its stake in Intuit Inc. to approximately $246.12 million, holding about 314,704 shares after acquiring 389 additional shares in the second quarter.
• Intuit reported a quarterly earnings per share (EPS) of $2.75, surpassing analyst expectations, with revenue rising 20.3% year-over-year to $3.83 billion.
• The company recently increased its quarterly dividend from $1.04 to $1.20, establishing an annualized dividend yield of 0.7% and a payout ratio of 34.93%.

DekaBank Deutsche Girozentrale boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 314,704 shares of the software maker's stock after buying an additional 389 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.11% of Intuit worth $246,115,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Drive Wealth Management LLC lifted its holdings in shares of Intuit by 4.9% in the second quarter. Drive Wealth Management LLC now owns 1,487 shares of the software maker's stock worth $1,171,000 after acquiring an additional 69 shares during the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of Intuit by 3.5% in the second quarter. Canvas Wealth Advisors LLC now owns 738 shares of the software maker's stock worth $589,000 after acquiring an additional 25 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Intuit by 3.4% in the second quarter. Princeton Global Asset Management LLC now owns 4,117 shares of the software maker's stock worth $3,242,000 after acquiring an additional 137 shares during the last quarter. Schnieders Capital Management LLC lifted its holdings in shares of Intuit by 44.0% in the second quarter. Schnieders Capital Management LLC now owns 537 shares of the software maker's stock worth $423,000 after acquiring an additional 164 shares during the last quarter. Finally, Lyell Wealth Management LP lifted its holdings in shares of Intuit by 0.8% in the second quarter. Lyell Wealth Management LP now owns 31,675 shares of the software maker's stock worth $24,948,000 after acquiring an additional 240 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 0.5%

Shares of NASDAQ INTU opened at $664.77 on Tuesday. The company's 50 day moving average price is $674.70 and its 200-day moving average price is $696.51. 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 market capitalization of $185.34 billion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 2.55 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 EPS for the quarter, beating 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 analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company's quarterly revenue 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 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 34.93%.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction on 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 directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. Rothschild & Co Redburn increased their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Oppenheimer increased their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Barclays dropped their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.