Intuit Inc. $INTU Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co has reduced its stake in Intuit Inc. by 14.7%, now holding a total of 52,324 shares valued at approximately $32.13 million.
• Intuit has recently announced an increase in its quarterly dividend from $1.04 to $1.20 per share, which will be paid on October 17th, reflecting a robust growth strategy.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Intuit, with the average target price set at $797.62, following various adjustments from leading financial institutions.

Ilmarinen Mutual Pension Insurance Co trimmed its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 14.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,324 shares of the software maker's stock after selling 9,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Intuit were worth $32,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Copia Wealth Management acquired a new position in Intuit during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the fourth quarter worth approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit during the first quarter worth approximately $31,000. TD Capital Management LLC increased its position in Intuit by 511.1% during 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. Finally, Olde Wealth Management LLC acquired a new position in Intuit during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTU. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. BMO Capital Markets upped their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. 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. JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. 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 given a Sell rating to the stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Up 0.6%

Shares of NASDAQ INTU traded up $4.26 during trading on Thursday, reaching $660.52. 2,200,236 shares of the stock were exchanged, compared to its average volume of 2,105,275. The business's 50-day moving average price is $728.22 and its 200 day moving average price is $682.44. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $184.15 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 2.53 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the company posted $1.99 earnings per share. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. 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, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given 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 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

Insider Buying and Selling 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 stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at $14,704.10. This represents a 98.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 768 shares in the company, valued at approximately $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by company insiders.

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.