Intuit Inc. $INTU Shares Bought by Hyperion Asset Management Ltd

Key Points

• Hyperion Asset Management Ltd increased its stake in Intuit Inc. by 9.6% in Q2, owning approximately 0.06% of the company valued at $126.6 million.
• Intuit reported earnings of $2.75 per share for the last quarter, exceeding analyst estimates, with revenues reaching $3.83 billion—a 20.3% year-over-year increase.
• The company announced a quarterly dividend of $1.20 to be paid in October, reflecting an increase from its previous payout of $1.04.

Hyperion Asset Management Ltd grew its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,733 shares of the software maker's stock after purchasing an additional 14,012 shares during the quarter. Intuit makes up about 3.9% of Hyperion Asset Management Ltd's portfolio, making the stock its 11th biggest holding. Hyperion Asset Management Ltd owned approximately 0.06% of Intuit worth $126,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Copia Wealth Management acquired a new position in shares of Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter valued at about $28,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Intuit by 1,566.7% during 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. TD Capital Management LLC boosted its position in shares of Intuit by 511.1% during 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. Finally, Olde Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the topic of several recent research reports. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. BMO Capital Markets boosted 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. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Bank of America decreased their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 529 shares of the company'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 value of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 directly owned 19 shares of the company's stock, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock valued at $7,558,613 over the last three months. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Up 2.1%

INTU stock opened at $702.09 on Tuesday. The company's 50 day moving average price is $714.44 and its 200 day moving average price is $686.73. 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 fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a market capitalization of $195.74 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm 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%.The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company 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 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is currently 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.

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