Ninety One SA PTY Ltd Raises Stock Position in Intuit Inc. $INTU

Key Points

• Ninety One SA PTY Ltd significantly increased its position in Intuit Inc. shares by 220.5% during the second quarter, owning 12,776 shares valued at over $10 million.
• Intuit has recently raised its quarterly dividend to $1.20 per share, reflecting a positive change from the previous $1.04, indicating a commitment to returning value to shareholders.
• Despite some analysts lowering their price targets, the consensus rating for Intuit remains a "Moderate Buy" with an average target price of approximately $791.82.

Ninety One SA PTY Ltd lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 220.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,776 shares of the software maker's stock after buying an additional 8,790 shares during the period. Intuit makes up approximately 1.6% of Ninety One SA PTY Ltd's portfolio, making the stock its 18th largest position. Ninety One SA PTY Ltd's holdings in Intuit were worth $10,036,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in INTU. Brighton Jones LLC lifted its stake in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of Intuit by 187.4% during the first quarter. Fiduciary Alliance LLC now owns 1,555 shares of the software maker's stock valued at $955,000 after acquiring an additional 1,014 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Intuit during the first quarter valued at about $92,000. Finally, LVW Advisors LLC increased its position in shares of Intuit by 56.2% during the first quarter. LVW Advisors LLC now owns 692 shares of the software maker's stock valued at $425,000 after acquiring an additional 249 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. CLSA assumed coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Stifel Nicolaus cut 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. Finally, Citigroup dropped their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company's stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly 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. Insiders sold 5,376 shares of company stock valued at $4,056,031 in the last ninety days. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of INTU opened at $682.91 on Wednesday. The stock has a 50-day simple moving average of $706.99 and a 200-day simple moving average of $690.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $190.40 billion, a PE ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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 the consensus estimate 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% compared to the same quarter last year. 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. On average, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced 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. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is currently 30.28%.

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.

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