Kodai Capital Management LP Lowers Stock Position in Intuit Inc. $INTU

Key Points

• Kodai Capital Management LP reduced its holdings in Intuit Inc. by 46.6% in the first quarter, owning 72,525 shares valued at approximately $44.53 million.
• Intuit's stock has drawn mixed ratings from analysts, with a consensus target price of $797.62 and recent downgrades to a "hold" rating by Zacks Research.
• The company announced an increase in its quarterly dividend to $1.20 per share, which will be paid on October 17th, reflecting a shift from its previous dividend of $1.04.

Kodai Capital Management LP lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 46.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,525 shares of the software maker's stock after selling 63,412 shares during the period. Intuit accounts for approximately 1.8% of Kodai Capital Management LP's holdings, making the stock its 11th biggest position. Kodai Capital Management LP's holdings in Intuit were worth $44,530,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Invesco Ltd. raised its stake in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in shares of Intuit by 3.6% during the 1st 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 during the last quarter. Circle Wealth Management LLC grew its stake in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $109,988,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Trading Down 0.8%

Intuit stock traded down $5.22 during trading hours on Tuesday, reaching $661.78. The company had a trading volume of 1,679,267 shares, compared to its average volume of 1,821,972. The firm has a market cap of $184.60 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 2.57 and a beta of 1.26. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a 50-day moving average price of $745.39 and a 200 day moving average price of $678.91. 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 (NASDAQ:INTU - Get Free Report) last released its 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. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business 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 is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 30.28%.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. This trade represents 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 have sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INTU has been the topic of a number of analyst reports. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Morgan Stanley cut their price objective 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. Stifel Nicolaus dropped their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Piper Sandler restated an "overweight" rating and issued a $825.00 target price (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 target price on shares of Intuit in a report on Tuesday. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $797.62.

About Intuit

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.