MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 8,247 Shares of Intuit Inc. $INTU

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly increased its investment in Intuit Inc. by 2,077.3% during the 2nd quarter, acquiring a total of 8,644 shares worth approximately $6.8 million.
• Intuit recently reported a 20.3% increase in revenue year-over-year, with earnings per share exceeding consensus estimates at $2.75.
• The company announced a dividend increase, raising its quarterly payout to $1.20 per share, marking a boost from the previous dividend of $1.04.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2,077.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,644 shares of the software maker's stock after purchasing an additional 8,247 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Intuit were worth $6,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Copia Wealth Management bought a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit in the 1st quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after acquiring an additional 47 shares in the last quarter. Finally, TD Capital Management LLC boosted its holdings in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

Shares of Intuit stock opened at $694.79 on Thursday. The company has a market capitalization of $193.71 billion, a PE ratio of 50.57, a PEG ratio of 2.70 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 current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $712.39 and its 200 day simple moving average is $686.87.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 firm's revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. 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%.

Insider Activity

In other news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares in the company, valued at $356,760.95. This trade represents a 79.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is currently owned by insiders.

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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