Federation des caisses Desjardins du Quebec Increases Holdings in Intuit Inc. $INTU

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Intuit Inc. by 9.4% during the first quarter, now holding 11,197 shares valued at approximately $6.88 million.
• Intuit recently announced a quarterly dividend of $1.20, which marks an increase from its previous dividend of $1.04 and represents a 0.7% yield.
• Insiders have sold 72,029 shares of Intuit stock worth over $55 million in the last quarter, indicating some profit-taking among executives.

Federation des caisses Desjardins du Quebec grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,197 shares of the software maker's stock after buying an additional 965 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Intuit were worth $6,875,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management bought a new position in shares of Intuit in the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the fourth quarter worth approximately $28,000. TD Capital Management LLC increased 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 purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of Intuit during the 1st quarter valued at about $37,000. Finally, Activest Wealth Management increased its position in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after purchasing an additional 61 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,029 shares of company stock valued at $55,231,998 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Piper Sandler reiterated an "overweight" rating and set a $825.00 price target (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Evercore ISI increased their price target on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Trading Up 0.7%

NASDAQ:INTU traded up $4.53 during trading hours on Friday, hitting $672.82. The company had a trading volume of 1,614,052 shares, compared to its average volume of 2,175,109. The company has a market capitalization of $187.58 billion, a PE ratio of 48.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.26. The stock has a 50-day moving average price of $737.50 and a 200 day moving average price of $680.60. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45.

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 the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm'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 business 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. On average, equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm 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 dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's payout ratio is presently 30.28%.

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.