Kathmere Capital Management LLC Purchases 396 Shares of Intuit Inc. $INTU

Key Points

• Kathmere Capital Management LLC increased its stake in Intuit Inc. by 80.5%, acquiring an additional 396 shares and raising its total holdings to 888 shares worth approximately $699,000.
• Intuit recently declared a quarterly dividend of $1.20, up from the previous $1.04, reflecting an annualized dividend of $4.80 with a yield of 0.7%.
• The company's latest quarterly earnings showed an EPS of $2.75, exceeding analysts' expectations and marking a 20.3% increase in revenue year-over-year.

Kathmere Capital Management LLC lifted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 80.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888 shares of the software maker's stock after acquiring an additional 396 shares during the quarter. Kathmere Capital Management LLC's holdings in Intuit were worth $699,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INTU. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter worth $31,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares in the last quarter. TD Capital Management LLC grew its position in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after buying an additional 46 shares during the period. Olde Wealth Management LLC bought a new position in Intuit during the first quarter valued at about $37,000. Finally, Banque Transatlantique SA bought a new position in Intuit during the first quarter valued at about $37,000. Institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,141 shares of company stock valued at $6,195,865. Company insiders own 2.68% of the company's stock.

Intuit Trading Up 0.8%

Shares of Intuit stock opened at $698.26 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a market cap of $194.67 billion, a price-to-earnings ratio of 50.82, a PEG ratio of 2.69 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $710.05 and its 200-day moving average price is $689.09.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm posted $1.99 earnings per share. The company's revenue for the quarter 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. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is currently 30.28%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Morgan Stanley reduced their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $791.82.

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.

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