Knights of Columbus Asset Advisors LLC Boosts Position in Intuit Inc. $INTU

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Intuit Inc. by 17.9% in the 2nd quarter, bringing their total holdings to 9,696 shares valued at approximately $7.6 million.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20, with payment scheduled for October 17th, representing an annualized yield of 0.7%.
• The company reported robust earnings, with a 20.3% revenue increase year-over-year, totaling $3.83 billion, while also surpassing earnings expectations by $0.09.

Knights of Columbus Asset Advisors LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 17.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,696 shares of the software maker's stock after purchasing an additional 1,472 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Intuit were worth $7,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after buying an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD grew its position in 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 acquiring an additional 649,212 shares during the period. Wellington Management Group LLP increased its stake in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. Brown Advisory Inc. raised its position in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. raised its position in 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 purchasing an additional 36,513 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 42 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on 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 sale, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,785 shares of company stock worth $2,029,299. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Down 0.3%

Shares of NASDAQ:INTU opened at $679.94 on Monday. The firm has a 50 day simple moving average of $700.95 and a 200-day simple moving average of $692.75. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. 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 has a market capitalization of $189.57 billion, a PE ratio of 49.49, a P/E/G ratio of 2.62 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.75 billion. During the same period last year, the business earned $1.99 EPS. 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. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is currently 34.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INTU shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a report on Saturday, September 27th. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus target price 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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