Dimensional Fund Advisors LP Boosts Holdings in Intuit Inc. $INTU

Key Points

• Dimensional Fund Advisors LP increased its stake in Intuit Inc. by 4.3%, acquiring an additional 24,645 shares, bringing its total holdings to 594,632 shares worth approximately $365 million.
• Intuit's latest earnings report showed a profit of $11.65 per share, exceeding analyst expectations of $10.89, along with a revenue of $7.75 billion for the quarter.
• The company announced a quarterly dividend of $1.04 per share, representing an annualized yield of 0.6%, with a payout ratio of 33.77%.

Dimensional Fund Advisors LP increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,632 shares of the software maker's stock after acquiring an additional 24,645 shares during the quarter. Dimensional Fund Advisors LP owned about 0.21% of Intuit worth $364,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management bought a new position in shares of Intuit during the fourth quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit during the fourth quarter valued at $28,000. Olde Wealth Management LLC bought a new position in shares of Intuit during the first quarter valued at $37,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Intuit by 523.1% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock valued at $50,000 after acquiring an additional 68 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Intuit during the first quarter valued at $50,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Performance

Shares of INTU stock traded down $1.1190 during trading hours on Wednesday, reaching $699.9110. 1,488,305 shares of the company traded hands, compared to its average volume of 1,771,912. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $195.24 billion, a P/E ratio of 56.75, a P/E/G ratio of 2.76 and a beta of 1.28. The firm has a 50-day moving average price of $761.59 and a 200 day moving average price of $673.01.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating analysts' consensus estimates of $10.89 by $0.76. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The firm had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. During the same period in the previous year, the firm earned $9.88 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. Intuit has set its Q4 2025 guidance at 2.630-2.680 EPS. FY 2025 guidance at 20.070-20.120 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider directly owned 6,063,495 shares of the company's stock, valued at $4,494,808,208.55. The trade was a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total value of $11,662,373.93. Following the transaction, the chief financial officer directly owned 197 shares in the company, valued at approximately $143,047.61. The trade was a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTU. CLSA began coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 price objective (up from $760.00) on shares of Intuit in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $815.00 price objective (up from $775.00) on shares of Intuit in a report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Hsbc Global Res raised Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $809.86.

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.