Okabena Investment Services Inc. Buys 837 Shares of Intuit Inc. $INTU

Key Points

• Okabena Investment Services Inc. increased its holdings in Intuit Inc. by 44.9% during the first quarter, now owning 2,702 shares worth approximately $1,659,000.
• Institutional investors hold 83.66% of Intuit's stock, with significant recent acquisitions by multiple funds, including Atlantic Edge Private Wealth Management LLC, which raised its position by 523.1%.
• Intuit recently declared a quarterly dividend of $1.20, reflecting an increase from the previous dividend of $1.04, with an annualized yield of 0.7%.

Okabena Investment Services Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 44.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,702 shares of the software maker's stock after acquiring an additional 837 shares during the period. Okabena Investment Services Inc.'s holdings in Intuit were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in INTU. Decatur Capital Management Inc. boosted its position 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 buying an additional 16 shares in the last quarter. Financial Management Professionals Inc. boosted its position 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 buying an additional 18 shares in the last quarter. Chris Bulman Inc boosted its position 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 buying an additional 18 shares in the last quarter. Cascade Investment Group Inc. boosted its position 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 buying an additional 18 shares in the last quarter. Finally, Kolinsky Wealth Management LLC boosted its position 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 buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 1,459 shares of Intuit stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 62,816 shares of Intuit stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the transaction, the insider directly owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,817 shares of company stock valued at $82,475,471 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Down 0.2%

NASDAQ INTU traded down $1.20 during mid-day trading on Monday, reaching $667.00. 1,594,076 shares of the stock were exchanged, compared to its average volume of 2,172,437. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a 50 day simple moving average of $747.30 and a 200-day simple moving average of $678.35. The stock has a market cap of $186.06 billion, a P/E ratio of 48.54, a P/E/G ratio of 2.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm earned $1.99 earnings per share. Intuit'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. On average, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is 30.28%.

Analyst Ratings Changes

INTU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut 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. CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. Piper Sandler restated an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus cut their target price on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Bank of America cut 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 equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

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.