Intuit Inc. $INTU Shares Acquired by Ascent Group LLC

Key Points

• Ascent Group LLC increased its stake in Intuit Inc. by 40.3% during the first quarter, acquiring an additional 460 shares to bring its total holdings to 1,602 shares valued at approximately $984,000.
• Intuit reported a quarterly earnings per share (EPS) of $2.75, exceeding expectations and reflecting a year-over-year revenue increase of 20.3%.
• The company declared a quarterly dividend of $1.20 per share, representing an increase from the previous dividend of $1.04, with a current yield of 0.7%.

Ascent Group LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 40.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,602 shares of the software maker's stock after acquiring an additional 460 shares during the period. Ascent Group LLC's holdings in Intuit were worth $984,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Decatur Capital Management Inc. raised its position in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after acquiring an additional 16 shares during the period. Financial Management Professionals Inc. raised its position in shares of Intuit by 18.4% in the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after acquiring an additional 18 shares during the period. Chris Bulman Inc raised its position in shares of Intuit by 1.2% in the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after acquiring an additional 18 shares during the period. Cascade Investment Group Inc. raised its position in shares of Intuit by 0.8% in the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock worth $1,482,000 after acquiring an additional 18 shares during the period. Finally, Kolinsky Wealth Management LLC raised its position in shares of Intuit by 1.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Down 0.1%

INTU stock opened at $670.89 on Wednesday. The company has a market cap of $187.04 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a 50-day moving average of $733.01 and a two-hundred day moving average of $681.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during 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%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued 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 dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. The Goldman Sachs Group raised their target price on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction 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 sale, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director directly owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,213 shares of company stock valued at $7,115,570 over the last 90 days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.