Intuit Inc. $INTU Shares Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC increased its holdings in Intuit Inc. by 7.8%, owning 12,438 shares valued at approximately $9.8 million as of the latest SEC filing.
• Insider selling occurred recently with CFO Sandeep Aujla selling 1,170 shares, reflecting a 47.46% decrease in his ownership.
• Intuit announced a dividend increase to $1.20 per share, with the ex-dividend date set for October 9th, representing a yield of 0.7%.

Turtle Creek Wealth Advisors LLC raised its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,438 shares of the software maker's stock after acquiring an additional 900 shares during the period. Intuit makes up about 1.2% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 23rd biggest position. Turtle Creek Wealth Advisors LLC's holdings in Intuit were worth $9,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after acquiring an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP lifted its stake in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. lifted its stake in shares of Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company'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 sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INTU shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Citigroup decreased their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Stock Performance

NASDAQ:INTU opened at $652.69 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a fifty day moving average of $679.57 and a two-hundred day moving average of $694.05. The stock has a market capitalization of $181.97 billion, a PE ratio of 47.50, a P/E/G ratio of 2.54 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share. 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, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 issued a dividend of $1.20 per share. 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 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is currently 34.93%.

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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