Intuit Inc. $INTU Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Intuit by 59.1% during the first quarter, now holding shares worth $4,582,000 after acquiring an additional 2,773 shares.
• Intuit announced a quarterly dividend increase to $1.20 per share, up from $1.04, set to be paid on October 17th, reflecting a 0.7% dividend yield.
• Intuit's latest quarterly earnings report showed earnings per share of $2.75, exceeding analyst estimates, with a year-over-year revenue growth of 20.3%.

Intech Investment Management LLC raised its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 59.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,462 shares of the software maker's stock after purchasing an additional 2,773 shares during the quarter. Intech Investment Management LLC's holdings in Intuit were worth $4,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTU. GAMMA Investing LLC increased its stake in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after acquiring an additional 2,821,534 shares during the period. Nuveen LLC acquired a new stake in shares of Intuit in the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter worth $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Intuit by 33.5% in the fourth 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 worth $1,930,765,000 after acquiring an additional 771,232 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Intuit by 7.8% in the first 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. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

INTU opened at $646.03 on Friday. The firm has a market capitalization of $180.11 billion, a PE ratio of 47.02, a PEG ratio of 2.55 and a beta of 1.26. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm's 50-day moving average price is $725.50 and its 200 day moving average price is $683.06. 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 (NASDAQ:INTU - Get Free Report) last posted 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 net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.99 earnings per share. Intuit's quarterly 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. As a group, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 30.28%.

Analyst Ratings Changes

A number of research firms have recently weighed in on INTU. Susquehanna reiterated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. The Goldman Sachs Group increased their price target on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Citigroup lowered their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Bank of America lowered their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $797.62.

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.

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.