Intuit Inc. $INTU Stake Raised by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Intuit Inc. by 24.0% during Q2, holding a total of 6,208 shares worth approximately $4.89 million.
• Recent analyst reports indicate mixed price targets for Intuit, with Morgan Stanley lowering its target from $900 to $880, while others maintain higher expectations like $900 from CLSA.
• Intuit has declared a quarterly dividend of $1.20 per share, up from the previous $1.04, reflecting a positive growth in its dividend payout ratio.

Vest Financial LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,208 shares of the software maker's stock after acquiring an additional 1,200 shares during the quarter. Vest Financial LLC's holdings in Intuit were worth $4,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. KMG Fiduciary Partners LLC raised its position in Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock worth $607,000 after acquiring an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after buying an additional 14 shares during the period. Weaver Capital Management LLC raised its holdings in Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock worth $888,000 after buying an additional 14 shares during the period. Peloton Wealth Strategists raised its holdings in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after buying an additional 15 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its holdings in Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker's stock worth $1,317,000 after buying an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. CLSA initiated coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective on the stock. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a report on Sunday. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Finally, KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Activity at Intuit

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

Intuit Price Performance

Shares of INTU opened at $655.68 on Tuesday. The company has a market capitalization of $182.80 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 2.48 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The business's 50-day moving average is $684.34 and its 200-day moving average is $694.59.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 34.93%.

About Intuit

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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