Intuit Inc. $INTU Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Intuit Inc. by 37.1% during the second quarter, acquiring an additional 2,065 shares, bringing their total holdings to 7,638 shares worth approximately $6 million.
• Intuit recently declared a quarterly dividend increase from $1.04 to $1.20 per share, translating to an annual yield of 0.7%.
• The company reported earnings of $2.75 per share for the last quarter, surpassing estimates and showing a 20.3% year-over-year revenue growth to $3.83 billion.

Farther Finance Advisors LLC raised its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 37.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,638 shares of the software maker's stock after acquiring an additional 2,065 shares during the quarter. Farther Finance Advisors LLC's holdings in Intuit were worth $6,016,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Copia Wealth Management purchased a new position in shares of Intuit in the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter valued at about $28,000. Vista Cima Wealth Management LLC acquired a new stake in Intuit in the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC raised its holdings in 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 acquiring an additional 47 shares during the last quarter. Finally, TD Capital Management LLC raised its holdings in 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 acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock opened at $687.92 on Friday. The firm has a market cap of $191.80 billion, a PE ratio of 50.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The firm's 50-day simple moving average is $715.45 and its 200-day simple moving average is $685.53. 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 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities analysts forecast 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 paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is 34.93%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated 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 approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on INTU shares. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. BMO Capital Markets raised their price target 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. Citigroup dropped their price target 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. CLSA began coverage on shares of Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

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.

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