Mattson Financial Services LLC Boosts Holdings in Intuit Inc. $INTU

Key Points

• Mattson Financial Services LLC increased its position in Intuit Inc. by 27.4%, acquiring an additional 768 shares, bringing its total holdings to 3,567 shares worth approximately $2,190,000.
• Intuit reported a strong earnings quarter with $2.75 earnings per share, surpassing estimates, and achieved revenues of $3.83 billion, a 20.3% increase from the previous year.
• The company has announced a quarterly dividend increase to $1.20, up from $1.04, to be paid on October 17th, reflecting a strong commitment to returning value to shareholders.

Mattson Financial Services LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,567 shares of the software maker's stock after buying an additional 768 shares during the quarter. Mattson Financial Services LLC's holdings in Intuit were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. Copia Wealth Management acquired a new position in shares of Intuit in the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit during the 1st quarter worth approximately $31,000. TD Capital Management LLC increased its position in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Intuit during the 1st quarter worth approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,879 shares of company stock valued at $7,558,613. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Down 2.2%

Shares of NASDAQ:INTU traded down $14.49 during trading on Friday, reaching $646.03. The stock had a trading volume of 2,202,010 shares, compared to its average volume of 2,153,284. The firm's fifty day moving average is $725.50 and its 200 day 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 Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock 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.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. 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, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is currently 30.28%.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Barclays decreased their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Bank of America decreased 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. Finally, Susquehanna restated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.