Intuit Inc. $INTU Shares Purchased by Ascent Group LLC

Key Points

• Ascent Group LLC increased its stake in Intuit Inc. by 33.1% during the second quarter, bringing its total ownership to 2,133 shares valued at approximately $1.68 million.
• Intuit announced a quarterly dividend increase to $1.20 per share, effective for investors recorded by October 9th, which is a rise from the previous quarterly dividend of $1.04.
• In its latest earnings report, Intuit surpassed analysts' estimates with $2.75 EPS and revenue of $3.83 billion, marking a 20.3% year-over-year increase in revenue.

Ascent Group LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 33.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,133 shares of the software maker's stock after acquiring an additional 531 shares during the quarter. Ascent Group LLC's holdings in Intuit were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Creative Capital Management Investments LLC purchased a new stake in shares of Intuit during the second quarter worth approximately $115,000. Two Point Capital Management Inc. acquired a new position in Intuit in the 2nd quarter valued at $4,334,000. Asset Advisors Investment Management LLC raised its position in Intuit by 0.3% during the 2nd quarter. Asset Advisors Investment Management LLC now owns 62,170 shares of the software maker's stock worth $48,967,000 after buying an additional 172 shares during the last quarter. Vanderbilt University acquired a new stake in shares of Intuit in the 2nd quarter worth $7,927,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Intuit by 9.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,290 shares of the software maker's stock valued at $1,804,000 after acquiring an additional 193 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $679.94 on Monday. The company has a 50-day simple moving average of $700.95 and a 200-day simple moving average of $692.75. 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 has a market cap of $189.57 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. 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 announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 20.3% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is currently 34.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on INTU shares. Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. BMO Capital Markets raised their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Citigroup cut their price objective on Intuit from $815.00 to $803.00 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-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Insiders Place Their Bets

In other news, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,785 shares of company stock valued at $2,029,299 in the last quarter. Corporate insiders own 2.68% of the company's stock.

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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