Intuit Inc. $INTU Position Raised by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC increased its position in Intuit Inc. by 0.6% during Q2, acquiring a total of 147,828 shares valued at approximately $116.4 million.
• Intuit reported strong quarterly earnings, with an EPS of $2.75, beating estimates, and a year-over-year revenue increase of 20.3% to $3.83 billion.
• The company announced a quarterly dividend increase from $1.04 to $1.20, with payment scheduled for October 17, representing a yield of 0.7%.

Chevy Chase Trust Holdings LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 147,828 shares of the software maker's stock after purchasing an additional 832 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Intuit worth $116,434,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Intuit during the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the 1st quarter worth approximately $785,564,000. Price T Rowe Associates Inc. MD lifted its holdings in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock worth $646,613,000 after buying an additional 375,742 shares during the period. Finally, Wellington Management Group LLP increased its position in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after buying an additional 358,328 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America dropped their price target on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. UBS Group decreased their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report 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. Finally, Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Stock Down 0.9%

INTU stock opened at $646.99 on Friday. 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 business has a 50 day moving average price of $677.27 and a two-hundred day moving average price of $694.27. The company has a market cap of $180.38 billion, a price-to-earnings ratio of 47.09, a P/E/G ratio of 2.52 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

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 company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm posted $1.99 earnings per share. The business's 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. Analysts anticipate 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. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 34.93%.

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 in the last three months. Corporate insiders own 2.68% of the company's stock.

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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