Voya Investment Management LLC Purchases 21,813 Shares of Intuit Inc. $INTU

Key Points

• Voya Investment Management LLC increased its stake in Intuit Inc. by 22.9%, now owning 117,262 shares valued at nearly $72 million.
• Intuit recently announced a dividend increase to $1.20 per share, set to be paid on October 17th, reflecting a positive shift from its previous dividend of $1.04.
• Analyst ratings for Intuit reflect a consensus of a "Moderate Buy" with a lowered average price target of approximately $797.62 following recent adjustments by various firms.

Voya Investment Management LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 22.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 117,262 shares of the software maker's stock after acquiring an additional 21,813 shares during the quarter. Voya Investment Management LLC's holdings in Intuit were worth $71,998,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after buying an additional 2,821,534 shares during the last quarter. Nuveen LLC bought a new stake in shares of Intuit during the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter worth $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intuit by 33.5% during the 4th 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 buying an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of 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 buying an additional 649,212 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company's stock, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock valued at $7,558,613 over the last ninety days. Insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent analyst reports. CLSA initiated coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective for the company. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. UBS Group dropped 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. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Intuit Trading Up 0.8%

Shares of INTU stock traded up $5.30 on Monday, hitting $651.33. The company had a trading volume of 2,186,812 shares, compared to its average volume of 2,175,812. The firm has a market cap of $181.59 billion, a P/E ratio of 47.40, a P/E/G ratio of 2.49 and a beta of 1.26. The stock's 50-day moving average is $722.85 and its two-hundred day moving average is $684.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

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 analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, equities research analysts anticipate 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. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is 30.28%.

Intuit 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.