Junto Capital Management LP Has $46.44 Million Holdings in Intuit Inc. $INTU

Key Points

• Junto Capital Management LP has reduced its stake in Intuit Inc. by 50.2%, selling 76,207 shares during the first quarter, leaving them with approximately $46.4 million in holdings.
• Insider selling activity includes Director Scott D. Cook selling 529 shares at an average price of $664.99, which slightly reduced his ownership of the company.
• Intuit has announced a quarterly dividend increase to $1.20 per share, with a payout ratio of 30.28%, set to be paid on October 17th.

Junto Capital Management LP decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,638 shares of the software maker's stock after selling 76,207 shares during the period. Junto Capital Management LP's holdings in Intuit were worth $46,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position 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 worth $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Intuit in the first quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter worth approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intuit by 33.5% in the fourth 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 worth $1,930,765,000 after purchasing an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTU. Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday. Morgan Stanley cut their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. The Goldman Sachs Group raised their price objective on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Stock Performance

Shares of INTU traded down $5.01 on Tuesday, reaching $661.99. 1,679,733 shares of the stock traded hands, compared to its average volume of 1,822,110. The firm has a market cap of $184.66 billion, a price-to-earnings ratio of 48.18, a P/E/G ratio of 2.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock's 50-day moving average price is $745.39 and its 200-day moving average price is $678.91.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (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 business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the business posted $1.99 earnings per share. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast 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. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is presently 34.93%.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the business's stock in a transaction dated 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 directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,488 shares of company stock worth $56,356,595 in the last quarter. 2.68% of the stock is owned by corporate insiders.

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.