Intuit Inc. $INTU Shares Bought by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC increased its stake in Intuit Inc. by 38.3% during the second quarter, bringing its total holdings to 1,930 shares valued at approximately $1.52 million.
• Intuit's quarterly earnings surpassed analysts' expectations with earnings per share of $2.75, contributing to a 20.3% year-over-year increase in revenue, totaling $3.83 billion.
• The company announced an increase in its quarterly dividend to $1.20 per share, up from $1.04, with a payout ratio of 30.28%.

Sowell Financial Services LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 38.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,930 shares of the software maker's stock after acquiring an additional 534 shares during the period. Sowell Financial Services LLC's holdings in Intuit were worth $1,520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after purchasing an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 purchasing an additional 649,212 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock opened at $702.09 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company's fifty day moving average price is $714.44 and its two-hundred day moving average price is $686.73. The firm has a market capitalization of $195.74 billion, a P/E ratio of 51.10, a P/E/G ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 20.55% and a return on equity of 22.72%. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. 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 currently 30.28%.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lauren D. Hotz sold 1,738 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the sale, the chief accounting officer owned 455 shares in the company, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock worth $7,558,613 over the last quarter. Company insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Bank of America cut their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. BMO Capital Markets lifted their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citigroup lowered their target price 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. Finally, KeyCorp lowered their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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