Itau Unibanco Holding S.A. Invests $340,000 in Intuit Inc. $INTU

Key Points

• Itau Unibanco Holding S.A. acquired a new stake in Intuit Inc., buying 554 shares valued at approximately $340,000 in the first quarter of the year.
• Intuit reported earnings of $2.75 per share for the recent quarter, surpassing estimates, with a revenue increase of 20.3% year-over-year, totaling $3.83 billion.
• The company announced an increase in its quarterly dividend to $1.20 per share, reflecting a commitment to shareholder returns.

Itau Unibanco Holding S.A. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 554 shares of the software maker's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares in the last quarter. Nuveen LLC purchased a new position in shares of Intuit during the first quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter worth $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Intuit by 7.8% during the 1st 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 acquiring an additional 649,212 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Activity

In related news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the sale, the insider owned 6,000,679 shares in the company, valued at approximately $4,596,460,107.21. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,817 shares of company stock worth $82,475,471. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of Intuit stock traded down $1.20 on Friday, hitting $667.00. 1,594,076 shares of the company traded hands, compared to its average volume of 2,172,437. The company has a market cap of $186.06 billion, a P/E ratio of 48.54, a P/E/G ratio of 2.57 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The firm's 50-day simple moving average is $747.30 and its 200 day simple moving average is $678.35.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business posted $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. 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. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a 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 payout ratio is presently 30.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on INTU shares. Evercore ISI raised their price target on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. CLSA began coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit 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.