Klingman & Associates LLC Purchases Shares of 673 Intuit Inc. $INTU

Key Points

• Klingman & Associates LLC acquired 673 shares of Intuit Inc. (NASDAQ: INTU) worth approximately $530,000 in the second quarter, highlighting increased institutional interest in the software company.
• Intuit reported a 20.3% year-over-year increase in quarterly revenue, amounting to $3.83 billion, and earnings per share of $2.75, surpassing analysts' expectations.
• The company announced a dividend increase, raising its quarterly payout from $1.04 to $1.20, resulting in an annualized yield of 0.7%.

Klingman & Associates LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 673 shares of the software maker's stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KMG Fiduciary Partners LLC raised its stake in Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after buying an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after purchasing an additional 14 shares during the last quarter. Weaver Capital Management LLC raised its stake in shares of Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock worth $888,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists raised its stake in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after purchasing an additional 15 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker's stock worth $1,317,000 after purchasing an additional 15 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Up 1.5%

Shares of INTU stock opened at $675.04 on Wednesday. The stock has a 50 day moving average of $673.93 and a 200 day moving average of $696.36. 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 stock has a market cap of $188.20 billion, a P/E ratio of 49.13, a P/E/G ratio of 2.57 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

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 for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the business earned $1.99 earnings per share. 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 expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is 34.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $791.82.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This trade represents a 2.25% 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 hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. Company insiders own 2.68% of the company's stock.

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.

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