Intuit Inc. $INTU Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Intuit Inc. by 120.9% during the second quarter, owning a total of 50,270 shares valued at approximately $39.6 million.
• Intuit recently declared a quarterly dividend of $1.20, up from the previous $1.04, which represents an annualized yield of 0.7%.
• Analysts' ratings for Intuit show a mix, with one Strong Buy, twenty-one Buy, four Hold, and one Sell, and an average target price of $791.82.

QRG Capital Management Inc. raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 120.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,270 shares of the software maker's stock after purchasing an additional 27,513 shares during the period. QRG Capital Management Inc.'s holdings in Intuit were worth $39,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC grew its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after acquiring an additional 19 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter worth $37,000. Finally, Activest Wealth Management grew its position in shares of Intuit by 3,050.0% in the first quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after purchasing an additional 61 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTU. JPMorgan Chase & Co. reduced their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Morgan Stanley decreased their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. Finally, Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares of the company's stock, valued at $552,606.69. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,785 shares of company stock valued at $2,029,299 over the last 90 days. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU stock opened at $679.94 on Friday. The firm has a fifty day simple moving average of $700.95 and a 200-day simple moving average of $691.50. The company has a market capitalization of $189.57 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 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%. The firm's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. 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 yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is currently 30.28%.

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.

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