Durable Capital Partners LP Reduces Stock Holdings in Intuit Inc. $INTU

Key Points

• Durable Capital Partners LP reduced its stake in Intuit Inc. by 17.0% during Q1, owning approximately 0.25% of the company valued at about $428 million.
• Multiple large investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., increased their holdings in Intuit, highlighting strong institutional interest as they own 83.66% of the stock.
• Intuit recently announced a dividend increase to $1.20 per share, reflecting a payout ratio of 30.28% and indicating ongoing financial health and commitment to returning value to shareholders.

Durable Capital Partners LP trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 17.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 697,567 shares of the software maker's stock after selling 142,966 shares during the period. Intuit accounts for about 3.8% of Durable Capital Partners LP's investment portfolio, making the stock its 6th biggest holding. Durable Capital Partners LP owned about 0.25% of Intuit worth $428,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Focus Partners Advisor Solutions LLC grew its stake in Intuit by 11.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 2,787 shares of the software maker's stock worth $1,711,000 after purchasing an additional 276 shares in the last quarter. Point72 Europe London LLP acquired a new position in Intuit in the first quarter worth about $19,156,000. ICW Investment Advisors LLC grew its stake in Intuit by 9.2% in the first quarter. ICW Investment Advisors LLC now owns 1,414 shares of the software maker's stock worth $868,000 after purchasing an additional 119 shares in the last quarter. Graham Capital Management L.P. grew its stake in Intuit by 395.0% in the first quarter. Graham Capital Management L.P. now owns 5,692 shares of the software maker's stock worth $3,495,000 after purchasing an additional 4,542 shares in the last quarter. Finally, Benchstone Capital Management LP acquired a new position in Intuit in the first quarter worth about $30,175,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. UBS Group cut their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. The Goldman Sachs Group raised their price target on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Finally, Evercore ISI raised their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 42 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 $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,029 shares of company stock valued at $55,231,998 over the last 90 days. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of INTU traded down $0.39 during mid-day trading on Thursday, reaching $668.29. 1,718,963 shares of the company's stock traded hands, compared to its average volume of 1,822,481. The business's 50-day moving average price is $741.67 and its 200-day moving average price is $678.72. The stock has a market capitalization of $186.42 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

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

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is presently 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.