Graham Capital Management L.P. Boosts Position in Intuit Inc. $INTU

Key Points

• Graham Capital Management L.P. increased its stake in Intuit Inc. by 395% during the first quarter, owning 5,692 shares worth approximately $3.5 million by the end of the period.
• Intuit announced a quarterly dividend of $1.20, which reflects an increase from its previous $1.04 dividend, and will be distributed on October 17th.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also significantly increased their holdings in Intuit, demonstrating strong confidence in the company's growth.

Graham Capital Management L.P. lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 395.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,692 shares of the software maker's stock after buying an additional 4,542 shares during the quarter. Graham Capital Management L.P.'s holdings in Intuit were worth $3,495,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new position in Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in Intuit during the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC bought a new stake in Intuit during the 1st quarter worth approximately $31,000. TD Capital Management LLC increased its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Sandeep Aujla sold 42 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 $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares of the company's stock, valued at $552,606.69. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTU shares. Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a research report on Friday, May 23rd. Evercore ISI lifted their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. CLSA started coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Trading Up 1.0%

Shares of INTU stock traded up $6.69 during trading hours on Wednesday, hitting $668.68. 1,979,251 shares of the company were exchanged, compared to its average volume of 2,098,216. The firm has a market cap of $186.53 billion, a P/E ratio of 48.67, a P/E/G ratio of 2.57 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. 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 company has a 50 day simple moving average of $741.67 and a two-hundred day simple moving average of $678.72.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $1.99 EPS. Intuit's revenue 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. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm 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 represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

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.