Intuit Inc. $INTU Stake Increased by Candriam S.C.A.

Candriam S.C.A. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 183.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 68,507 shares of the software maker's stock after acquiring an additional 44,348 shares during the period. Candriam S.C.A.'s holdings in Intuit were worth $18,957,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Financial Advisors bought a new stake in Intuit during the second quarter worth about $25,000. Whipplewood Advisors LLC purchased a new position in shares of Intuit in the 1st quarter worth about $30,000. Osbon Capital Management LLC bought a new position in shares of Intuit during the 2nd quarter valued at about $26,000. MidFirst Bank bought a new position in shares of Intuit during the 2nd quarter valued at about $28,000. Finally, James T. Borello RIA raised its holdings in shares of Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker's stock valued at $30,000 after buying an additional 84 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

NASDAQ INTU opened at $341.50 on Monday. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $318.61 and a 200-day moving average of $357.13. The firm has a market cap of $91.26 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the prior year, the business posted $2.75 EPS. Intuit's quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were paid a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit's payout ratio is presently 33.45%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTU shares. Susquehanna dropped their target price on Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research report on Wednesday, August 26th. Wells Fargo & Company reduced their price target on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Morgan Stanley reduced their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Royal Bank Of Canada restated an "outperform" rating and issued a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. Finally, Piper Sandler boosted their price objective on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $431.55.

Insider Buying and Selling at Intuit

In related news, Director Richard Dalzell sold 285 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is owned by insiders.

Intuit Company Profile

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.