Mn Services Vermogensbeheer B.V. Raises Stock Position in Intuit Inc. $INTU

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Intuit Inc. by 1.5%, holding a total of 104,505 shares valued at approximately $82 million after acquiring additional shares.
• Intuit's stock price opened at $662.68, showing a 20.3% increase in quarterly revenue compared to the same period last year, alongside earnings per share of $2.75, exceeding expectations.
• The company has declared a quarterly dividend of $1.20 per share, which is an increase from the previous dividend of $1.04, reflecting a positive outlook for investors.

Mn Services Vermogensbeheer B.V. boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,505 shares of the software maker's stock after purchasing an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Intuit were worth $82,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Invesco Ltd. boosted its holdings in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after acquiring an additional 8,510 shares during the last quarter. Circle Wealth Management LLC lifted its position in Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc raised its holdings in shares of Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

INTU stock traded up $10.10 during midday trading on Monday, reaching $698.02. 858,654 shares of the company's stock traded hands, compared to its average volume of 1,841,444. The stock's 50-day moving average is $715.45 and its 200 day moving average is $686.08. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of $194.61 billion, a P/E ratio of 50.80, a PEG ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate 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%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last 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, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 dividend 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 payout ratio is presently 30.28%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INTU. KeyCorp lowered their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. UBS Group lowered their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $797.62.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 over the last ninety days. Company insiders own 2.68% of the company's stock.

Intuit Company 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.