Insight Holdings Group LLC Buys 900 Shares of Intuit Inc. $INTU

Key Points

• Insight Holdings Group LLC has increased its stake in Intuit Inc. by 10%, now holding 9,900 shares valued at approximately $6.08 million, making it the firm's 14th largest holding.
• Intuit's recent quarterly earnings of $2.75 EPS surpassed estimates, with revenue growing 20.3% year-over-year, reaching $3.83 billion.
• The company announced a quarterly dividend increase to $1.20 per share, up from $1.04, with a payout ratio of 30.28% and an annualized yield of 0.7%.

Insight Holdings Group LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,900 shares of the software maker's stock after purchasing an additional 900 shares during the period. Intuit accounts for 0.5% of Insight Holdings Group LLC's portfolio, making the stock its 14th biggest position. Insight Holdings Group LLC's holdings in Intuit were worth $6,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eventide Asset Management LLC grew its stake in Intuit by 30.6% in the first quarter. Eventide Asset Management LLC now owns 12,431 shares of the software maker's stock worth $7,591,000 after purchasing an additional 2,912 shares during the period. Clark Capital Management Group Inc. grew its stake in Intuit by 19.2% in the first quarter. Clark Capital Management Group Inc. now owns 8,486 shares of the software maker's stock worth $5,211,000 after purchasing an additional 1,364 shares during the period. Banque Transatlantique SA purchased a new stake in Intuit in the first quarter worth $37,000. AQR Capital Management LLC grew its stake in Intuit by 112.9% in the first quarter. AQR Capital Management LLC now owns 136,988 shares of the software maker's stock worth $82,460,000 after purchasing an additional 72,641 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Intuit by 0.8% in the first quarter. Advisors Asset Management Inc. now owns 18,741 shares of the software maker's stock worth $11,507,000 after purchasing an additional 148 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTU shares. Evercore ISI upped their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Oppenheimer boosted their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Finally, KeyCorp dropped their target price on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. One research 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 given a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $4.53 during midday trading on Friday, reaching $672.82. 1,614,052 shares of the company's stock traded hands, compared to its average volume of 2,172,303. The company has a market cap of $187.58 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 2.60 and a beta of 1.26. 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 one year low of $532.65 and a one year high of $813.70. The stock has a 50 day moving average of $737.50 and a 200 day moving average of $681.31.

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 for 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 company's quarterly revenue was up 20.3% on a year-over-year basis. 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. As a group, 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. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

Insider Activity

In other news, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares of the company's stock, valued at $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,029 shares of company stock valued at $55,231,998. 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.