Intuit Inc. $INTU Shares Purchased by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC increased its holdings in Intuit Inc. by 17.4% during the 2nd quarter, owning 5,210 shares valued at approximately $4,104,000.
• Intuit reported better-than-expected earnings with an EPS of $2.75, surpassing analysts' estimates, and its revenue increased by 20.3% year-over-year.
• The company announced a quarterly dividend increase to $1.20 per share, reflecting a positive growth trend in its payout ratio.

Ballentine Partners LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,210 shares of the software maker's stock after acquiring an additional 774 shares during the quarter. Ballentine Partners LLC's holdings in Intuit were worth $4,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in Intuit during the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in Intuit during the fourth quarter worth about $28,000. CBIZ Investment Advisory Services LLC raised its stake in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares during the period. TD Capital Management LLC raised its stake in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit during the first quarter worth about $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,879 shares of company stock worth $7,558,613. Insiders own 2.68% of the company's stock.

Intuit Stock Down 0.4%

Shares of NASDAQ:INTU opened at $699.18 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $194.93 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 2.71 and a beta of 1.26. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50 day simple moving average of $713.51 and a 200 day simple moving average of $686.81.

Intuit (NASDAQ:INTU - Get Free Report) last released 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The company's revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently announced 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 is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 34.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTU. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Citigroup decreased their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company 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 for the company in a research report on Friday, August 22nd. Rothschild & Co Redburn upped their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

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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