Kera Capital Partners Inc. Takes $530,000 Position in Intuit Inc. $INTU

Key Points

• Kera Capital Partners Inc. acquired a new stake in Intuit Inc., purchasing 673 shares valued at approximately $530,000 in the second quarter.
• Intuit reported a 20.3% increase in revenue year-over-year for the latest quarter, achieving $3.83 billion and exceeding analysts' expectations.
• The company announced an increase in its quarterly dividend to $1.20 per share, reflecting a positive change from its previous dividend of $1.04.

Kera Capital Partners Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 673 shares of the software maker's stock, valued at approximately $530,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after buying an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after buying an additional 82,419 shares during the period. Vident Advisory LLC lifted its position in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares in the last quarter. Circle Wealth Management LLC lifted its position in shares of Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,879 shares of company stock valued at $7,558,613. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

NASDAQ:INTU opened at $646.03 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a market cap of $180.11 billion, a price-to-earnings ratio of 47.02, a P/E/G ratio of 2.55 and a beta of 1.26. The firm's 50-day simple moving average is $725.50 and its 200 day simple moving average is $683.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the firm earned $1.99 earnings per share. Intuit's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current 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 paid a dividend of $1.20 per share. The ex-dividend date 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 yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. CLSA assumed 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. Evercore ISI boosted their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. 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. Finally, Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a "buy" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, 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.

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