Landscape Capital Management L.L.C. Grows Stock Position in Intuit Inc. $INTU

Key Points

• Landscape Capital Management L.L.C. increased its stake in Intuit Inc. by 204.7%, acquiring an additional 7,203 shares, now totaling 10,721 shares, and making it their 29th largest holding.
• Intuit reported $3.83 billion in revenue for the last quarter, exceeding analyst expectations, with earnings per share of $2.75, also beating the consensus estimate of $2.66.
• The company announced a quarterly dividend of $1.20 to be paid on October 17th, up from the previous $1.04, representing an annualized dividend yield of 0.7%.

Landscape Capital Management L.L.C. grew its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 204.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,721 shares of the software maker's stock after acquiring an additional 7,203 shares during the quarter. Intuit comprises 0.6% of Landscape Capital Management L.L.C.'s holdings, making the stock its 29th largest holding. Landscape Capital Management L.L.C.'s holdings in Intuit were worth $6,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copia Wealth Management bought a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. Olde Wealth Management LLC bought a new stake in shares of Intuit during the first quarter valued at approximately $37,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after purchasing an additional 68 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of Intuit in the first quarter worth approximately $50,000. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a research note on Tuesday. CLSA initiated coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Oppenheimer increased 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. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Price Performance

NASDAQ:INTU traded down $9.00 during trading hours on Tuesday, hitting $658.00. 661,660 shares of the company's stock traded hands, compared to its average volume of 1,815,668. The business's fifty day simple moving average is $745.39 and its two-hundred day simple moving average is $678.91. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $183.55 billion, a P/E ratio of 47.89, a P/E/G ratio of 2.57 and a beta of 1.26.

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, 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the business posted $1.99 earnings per share. The company's revenue for the quarter 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. On average, research analysts anticipate 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. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the sale, the director owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the transaction, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,488 shares of company stock valued at $56,356,595. 2.68% of the stock is currently owned by company insiders.

About Intuit

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.