Intuit Inc. $INTU Stake Boosted by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Intuit Inc. by 41.7% during the 2nd quarter, bringing its total holdings to 15,463 shares valued at approximately $12.18 million.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, up from $1.04, reflecting a healthy dividend payout ratio of 30.28%.
• Intuit's latest quarterly earnings showed an EPS of $2.75, surpassing analysts' expectations, with a revenue increase of 20.3% year-over-year, totaling $3.83 billion.

Callan Family Office LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 41.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,463 shares of the software maker's stock after purchasing an additional 4,552 shares during the quarter. Callan Family Office LLC's holdings in Intuit were worth $12,179,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INTU. Brighton Jones LLC grew its holdings in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after purchasing an additional 482 shares during the last quarter. Wealth Group Ltd. bought a new position in shares of Intuit during the first quarter valued at approximately $493,000. Pallas Capital Advisors LLC bought a new position in Intuit in the 1st quarter worth approximately $255,000. Finally, GAMMA Investing LLC grew its holdings in Intuit by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 4,602 shares of the software maker's stock worth $2,826,000 after buying an additional 554 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $644.92 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a fifty day moving average of $689.62 and a 200-day moving average of $692.95. The company has a market capitalization of $179.80 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 2.54 and a beta of 1.25. 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 (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The company's quarterly revenue 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. As a group, equities 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. This is a positive change 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%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is presently 30.28%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on INTU shares. Morgan Stanley decreased their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. BMO Capital Markets increased their price objective on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. KeyCorp decreased their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, CLSA started coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

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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