LTS One Management LP Reduces Stock Position in Intuit Inc. $INTU

Key Points

• LTS One Management LP reduced its stake in Intuit Inc. by 4.8%, now holding 30,000 shares, making it the company's 10th largest position with a value of $18.42 million.
• Research analysts have been adjusting their price targets for Intuit, with Goldman Sachs raising its target from $750 to $860 and multiple firms maintaining "buy" or "overweight" ratings.
• Intuit announced a quarterly dividend increase to $1.20 per share, effective October 17, representing an annualized yield of 0.7% and a payout ratio of 30.28%.

LTS One Management LP trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the software maker's stock after selling 1,500 shares during the quarter. Intuit accounts for approximately 5.5% of LTS One Management LP's portfolio, making the stock its 10th largest holding. LTS One Management LP's holdings in Intuit were worth $18,420,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTU. GAMMA Investing LLC raised its holdings in shares of Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares during the period. Nuveen LLC purchased a new stake in shares of Intuit during the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after buying an additional 771,232 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

NASDAQ:INTU traded down $1.20 during midday trading on Monday, reaching $667.00. 1,594,076 shares of the company traded hands, compared to its average volume of 2,172,437. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a market capitalization of $186.06 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The company has a fifty day moving average price of $747.30 and a 200 day moving average price of $678.35.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. 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. On average, analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 30.28%.

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the completion of the transaction, the insider owned 6,000,679 shares in the company, valued at approximately $4,596,460,107.21. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,817 shares of company stock worth $82,475,471. 2.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INTU. Morgan Stanley dropped 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 dropped their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, BMO Capital Markets lifted their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. One research 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.