MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Intuit Inc. $INTU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Intuit Inc. by 8.0% during the first quarter, owning approximately 0.09% of the company valued at $156 million.
• Intuit's recent earnings report showed a 20.3% increase in revenue year-over-year, beating analysts' expectations with earnings of $2.75 per share.
• The company announced a quarterly dividend increase to $1.20 per share, up from $1.04, representing an annualized yield of 0.7%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,103 shares of the software maker's stock after buying an additional 18,855 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Intuit worth $156,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Insight Holdings Group LLC boosted its position in Intuit by 10.0% in the first quarter. Insight Holdings Group LLC now owns 9,900 shares of the software maker's stock valued at $6,079,000 after buying an additional 900 shares during the last quarter. Eventide Asset Management LLC grew its stake in shares of Intuit by 30.6% during the 1st 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 shares of Intuit by 19.2% during the 1st 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 acquired a new stake in shares of Intuit during the 1st quarter worth approximately $37,000. Finally, AQR Capital Management LLC grew its stake in shares of Intuit by 112.9% during the 1st 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. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Price 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. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a market cap of $187.58 billion, a P/E ratio of 48.97, a PEG 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. The company has a fifty day simple moving average of $737.50 and a two-hundred day simple moving average of $681.31.

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, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.99 EPS. The business's 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. Equities analysts predict that Intuit Inc. will post 14.09 EPS 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 issued 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 an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

Analyst Ratings Changes

INTU has been the topic of a number of analyst reports. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a research note on Friday, May 23rd. KeyCorp dropped their price objective on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Barclays dropped their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Finally, Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,029 shares of company stock worth $55,231,998 in the last ninety days. Company 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.