Evergreen Capital Management LLC Has $3.09 Million Position in Intuit Inc. $INTU

Key Points

• Evergreen Capital Management LLC increased its stake in Intuit Inc. by 16.7%, purchasing an additional 720 shares, bringing their total holdings to 5,034 shares valued at approximately $3.09 million.
• Multiple analysts have raised their price targets for Intuit, with BMO Capital Markets increasing it from $820 to $870, while Royal Bank of Canada set a target of $850, reflecting a generally positive outlook on the stock.
• Intuit announced a quarterly dividend increase from $1.04 to $1.20 per share, with the new dividend scheduled for payment on October 17th, indicating confidence in continued financial performance.

Evergreen Capital Management LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 16.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,034 shares of the software maker's stock after acquiring an additional 720 shares during the quarter. Evergreen Capital Management LLC's holdings in Intuit were worth $3,091,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. GAMMA Investing LLC increased its holdings in Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares during the last quarter. Nuveen LLC bought a new stake in shares of Intuit in the 1st quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the 1st quarter valued at approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $6.69 on Wednesday, hitting $668.68. The company's stock had a trading volume of 1,975,841 shares, compared to its average volume of 1,818,329. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $186.53 billion, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The stock's 50-day moving average is $743.45 and its two-hundred day moving average is $678.79. 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 (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company posted $1.99 EPS. The firm'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. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 30.28%.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 62,816 shares of Intuit stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the transaction, the insider owned 6,000,679 shares in the company, valued at approximately $4,596,460,107.21. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares in the company, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,488 shares of company stock valued at $56,356,595 in the last ninety days. Company insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Citigroup lowered their price objective 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. Oppenheimer boosted their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 target price on shares of Intuit in a report on Tuesday. Finally, Piper Sandler restated an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. One investment 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 assigned a Sell rating to the company's stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Company 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.