Intuit Inc. $INTU Shares Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Intuit Inc. by 4.0%, now holding 57,439 shares valued at approximately $45.2 million, according to their latest SEC filing.
• Intuit's recent quarterly earnings outperformed analysts' expectations, reporting $2.75 EPS and revenue of $3.83 billion, indicating a 20.3% year-over-year increase.
• The company has announced a new quarterly dividend of $1.20, up from $1.04, with a dividend yield of 0.7%, to be paid on October 17th.

IFM Investors Pty Ltd raised its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,439 shares of the software maker's stock after acquiring an additional 2,185 shares during the quarter. IFM Investors Pty Ltd's holdings in Intuit were worth $45,241,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in INTU. GAMMA Investing LLC boosted its position in shares of Intuit by 69,701.9% in 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 purchasing an additional 2,821,534 shares during the period. Nuveen LLC acquired a new stake in Intuit during the 1st quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit during the 1st quarter worth approximately $785,564,000. Price T Rowe Associates Inc. MD lifted its position in 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 worth $5,537,435,000 after acquiring an additional 649,212 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Intuit during the 4th quarter worth approximately $237,244,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company's stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the business's 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 three months, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on INTU. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. decreased their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Finally, CLSA started coverage on Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Performance

NASDAQ INTU opened at $674.96 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market cap of $188.18 billion, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 2.56 and a beta of 1.26. The business has a fifty day moving average of $716.65 and a 200-day moving average of $684.44. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping 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 in the previous year, the firm 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, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is currently 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.

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