Intuit Inc. $INTU Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Intuit Inc. by 22.1% during the first quarter, now owning 46,940 shares valued at approximately $28.8 million.
• Intuit reported $2.75 earnings per share for the last quarter, exceeding estimates of $2.66, with a revenue of $3.83 billion, a 20.3% increase year-over-year.
• The company plans to pay a quarterly dividend of $1.20 on October 17th, up from its previous quarterly dividend of $1.04.

Vident Advisory LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,940 shares of the software maker's stock after acquiring an additional 8,510 shares during the period. Vident Advisory LLC's holdings in Intuit were worth $28,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decatur Capital Management Inc. boosted its stake in Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after acquiring an additional 16 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Intuit by 18.4% in the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after acquiring an additional 18 shares in the last quarter. Chris Bulman Inc boosted its stake in Intuit by 1.2% in the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after acquiring an additional 18 shares in the last quarter. Cascade Investment Group Inc. boosted its stake in Intuit by 0.8% in the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock valued at $1,482,000 after acquiring an additional 18 shares in the last quarter. Finally, Kolinsky Wealth Management LLC boosted its stake in Intuit by 1.6% in the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock valued at $749,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTU. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 target price on shares of Intuit in a research note on Tuesday. 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. Evercore ISI increased their target price on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Finally, BMO Capital Markets raised their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One research 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Price Performance

Shares of INTU traded down $5.22 during mid-day trading on Tuesday, reaching $661.78. 1,679,438 shares of the company's stock were exchanged, compared to its average volume of 1,821,972. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a 50-day simple moving average of $745.39 and a two-hundred day simple moving average of $678.91. The company has a market cap of $184.60 billion, a price-to-earnings ratio of 48.16, a PEG ratio of 2.57 and a beta of 1.26. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid 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 dividend payout ratio is presently 30.28%.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the business's 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 transaction, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at approximately $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 three months, insiders sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is owned by corporate insiders.

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.