Ieq Capital LLC Buys 1,038 Shares of Intuit Inc. $INTU

Key Points

• Ieq Capital LLC increased its holdings in Intuit Inc. by 4.8% in Q1, owning 22,537 shares valued at approximately $13.8 million.
• Intuit recently exceeded earnings expectations with $2.75 EPS in its latest report, boosting revenue by 20.3% year-over-year.
• The company declared a quarterly dividend of $1.20 per share, marking an increase from its previous dividend of $1.04, and is set for payment on October 17th.

Ieq Capital LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,537 shares of the software maker's stock after acquiring an additional 1,038 shares during the period. Ieq Capital LLC's holdings in Intuit were worth $13,837,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Copia Wealth Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in Intuit in the fourth quarter worth about $28,000. Olde Wealth Management LLC purchased a new position in Intuit in the first quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC raised its holdings in Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after buying an additional 68 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Intuit in the first quarter worth about $50,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU traded down $1.20 during mid-day trading on Monday, hitting $667.00. 1,594,076 shares of the company traded hands, compared to its average volume of 2,172,437. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. The stock has a 50-day moving average price of $747.30 and a two-hundred day moving average price of $678.35. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock has a market cap of $186.06 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last released 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the company earned $1.99 earnings per share. 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. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

Insider Activity at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company'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 completion of the transaction, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,817 shares of company stock valued at $82,475,471 in the last three months. Corporate insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent analyst reports. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Oppenheimer lifted their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Bank of America decreased their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Finally, Barclays decreased their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

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.