Intuit Inc. $INTU Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stock holdings in Intuit Inc. by 25.6% in Q2, owning a total of 5,779 shares valued at approximately $4.55 million.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, up from $1.04, with an ex-dividend date set for October 9th.
• In its latest earnings report, Intuit surpassed analyst expectations with $2.75 EPS and reported a 20.3% year-over-year revenue growth of $3.83 billion for the quarter.

GAMMA Investing LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 25.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,779 shares of the software maker's stock after acquiring an additional 1,177 shares during the period. GAMMA Investing LLC's holdings in Intuit were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. boosted its holdings in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Vident Advisory LLC boosted its position in Intuit by 22.1% during the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC lifted its holdings in shares of Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares in the company, valued at $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 9,879 shares of company stock valued at $7,558,613 in the last ninety days. Insiders own 2.68% of the company's stock.

Intuit Trading Up 2.1%

NASDAQ INTU traded up $14.17 during mid-day trading on Monday, reaching $702.09. 2,403,184 shares of the stock were exchanged, compared to its average volume of 2,059,445. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock has a market capitalization of $195.74 billion, a PE ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business's fifty day simple moving average is $714.44 and its 200 day simple moving average is $686.73.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business 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%. The business's revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 issued a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's payout ratio is 30.28%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTU. Morgan Stanley cut their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. CLSA began coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average price target of $797.62.

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.