Intuit Inc. $INTU Shares Bought by Chicago Capital LLC

Key Points

• Chicago Capital LLC increased its stake in Intuit Inc. by 3.9% during the 2nd quarter, owning 151,574 shares, which represents about 2.9% of its portfolio.
• Intuit announced a quarterly dividend increase from $1.04 to $1.20 per share, set to be paid on October 17th, boosting the annual yield to 0.7%.
• Wall Street analysts have a generally positive outlook on Intuit, with one analyst rating it as a Strong Buy, and an average target price of $791.82 despite some recent price objective cuts.

Chicago Capital LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,574 shares of the software maker's stock after buying an additional 5,738 shares during the quarter. Intuit accounts for about 2.9% of Chicago Capital LLC's portfolio, making the stock its 8th largest holding. Chicago Capital LLC owned about 0.05% of Intuit worth $119,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit in the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC raised its position in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC raised its position in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after buying an additional 46 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of Intuit in the 1st quarter valued at approximately $37,000. Finally, Banque Transatlantique SA acquired a new position in shares of Intuit in the 1st quarter valued at approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Bank of America lowered their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $791.82.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 2,591 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares in the company, valued at approximately $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,141 shares of company stock valued at $6,195,865 over the last 90 days. Insiders own 2.68% of the company's stock.

Intuit Trading Down 0.5%

INTU opened at $694.69 on Tuesday. The company's 50 day moving average price is $708.67 and its two-hundred day moving average price is $690.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a market capitalization of $193.68 billion, a price-to-earnings ratio of 50.56, a PEG ratio of 2.69 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company'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, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business 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 a boost 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 currently 34.93%.

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.

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