Friedenthal Financial Purchases New Holdings in Intuit Inc. $INTU

Key Points

• Friedenthal Financial has acquired a new position in Intuit Inc. with a purchase of 1,265 shares valued at approximately $996,000 during the second quarter.
• Intuit recently increased its quarterly dividend from $1.04 to $1.20, resulting in a 0.7% dividend yield, to be paid on October 17th.
• In its latest quarterly earnings report, Intuit exceeded expectations with $2.75 earnings per share and a revenue of $3.83 billion, indicating a 20.3% year-over-year growth.

Friedenthal Financial purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,265 shares of the software maker's stock, valued at approximately $996,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. KMG Fiduciary Partners LLC increased its stake in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock worth $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after acquiring an additional 14 shares during the period. Peloton Wealth Strategists increased its stake in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after acquiring an additional 15 shares during the period. Moody Lynn & Lieberson LLC increased its stake in shares of Intuit by 0.9% during the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker's stock worth $1,317,000 after acquiring an additional 15 shares during the period. Finally, Decatur Capital Management Inc. increased its stake in shares of Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after acquiring an additional 16 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Trading Down 1.8%

NASDAQ INTU opened at $657.99 on Wednesday. The company's fifty day moving average price is $695.41 and its two-hundred day moving average price is $692.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. 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 $183.45 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 30.28%.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the sale, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,740 shares of company stock valued at $1,870,800 in the last quarter. Insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INTU shares. Morgan Stanley dropped their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a report on Saturday, September 27th. Finally, Rothschild & Co Redburn upped their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $791.82.

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.

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