Intuit Inc. $INTU Stock Position Boosted by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Intuit stake by 41.3% in the third quarter, adding 25,282 shares to hold 86,564 shares worth about $23.9 million. Institutional investors and hedge funds own 83.66% of Intuit’s stock.
• Intuit reported quarterly results above analyst expectations: earnings were $4.03 per share versus $3.58 expected, while revenue rose 13.7% year over year to $4.35 billion. The company also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst views are mixed: MarketBeat reports an average “Hold” rating and a $431.55 average price target, while shares opened at $344.72. Two company insiders recently sold shares under disclosed transactions.

Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 41.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 86,564 shares of the software maker's stock after purchasing an additional 25,282 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Intuit were worth $23,867,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INTU. Legacy Wealth Managment LLC ID boosted its position in shares of Intuit by 10.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker's stock worth $115,000 after buying an additional 25 shares during the period. Sachetta LLC grew its holdings in shares of Intuit by 33.7% during the first quarter. Sachetta LLC now owns 111 shares of the software maker's stock worth $48,000 after buying an additional 28 shares in the last quarter. Stronghold Wealth Management L.L.C. raised its position in Intuit by 6.5% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker's stock valued at $205,000 after buying an additional 29 shares during the last quarter. Delta Asset Management LLC TN raised its position in Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker's stock valued at $67,000 after buying an additional 30 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its stake in Intuit by 3.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker's stock valued at $258,000 after acquiring an additional 30 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Down 2.1%

INTU stock opened at $344.72 on Wednesday. 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 firm has a market capitalization of $92.12 billion, a PE ratio of 19.23, a PEG ratio of 1.16 and a beta of 0.91. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. The business's 50 day simple moving average is $318.58 and its 200 day simple moving average is $360.01.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. 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, research analysts anticipate 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. Stockholders of record on Thursday, October 8th were given 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 dividend payout ratio (DPR) is currently 33.45%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

INTU has been the subject of several research reports. Barclays decreased their price target on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating for the company in a research note on Wednesday, August 26th. Truist Financial reiterated a "hold" rating and issued a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. Wolfe Research cut shares of Intuit from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 26th. UBS Group restated a "neutral" rating on shares of Intuit in a research note on Friday, September 18th. Finally, Susquehanna dropped their target price on Intuit from $427.00 to $415.00 and set a "positive" rating on the stock in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Intuit currently has an average rating of "Hold" and an average target price of $431.55.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company's principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

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