NFJ Investment Group LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,442 shares of the software maker's stock after selling 23,392 shares during the quarter. Intuit comprises 1.9% of NFJ Investment Group LLC's holdings, making the stock its 6th largest holding. NFJ Investment Group LLC's holdings in Intuit were worth $56,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP boosted its position in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. boosted its position in Intuit by 7.9% during the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Institutional investors own 83.66% of the company's stock.
Intuit Stock Performance
Shares of NASDAQ:INTU traded up $4.53 during trading on Friday, hitting $672.82. The stock had a trading volume of 1,614,052 shares, compared to its average volume of 2,172,303. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The stock has a market capitalization of $187.58 billion, a price-to-earnings ratio of 48.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a 50-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 quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the business posted $1.99 earnings per share. The company's revenue for the quarter 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. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.
Wall Street Analyst Weigh In
INTU has been the topic of a number of recent research reports. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. CLSA started coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. Stifel Nicolaus lowered their price target on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.
Get Our Latest Stock Report on INTU
Insider Transactions at Intuit
In related news, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 62,816 shares of Intuit stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $765.99, for a total value of $48,116,427.84. Following the transaction, the insider owned 6,000,679 shares of the company's stock, valued at approximately $4,596,460,107.21. This represents a 1.04% decrease in their ownership of the stock. 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. 2.68% of the stock is owned by company insiders.
About Intuit
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Free Report)
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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