Norden Group LLC Buys 567 Shares of Intuit Inc. $INTU

Key Points

• Norden Group LLC increased its stake in Intuit Inc. by 34.1%, purchasing an additional 567 shares, bringing its total holdings to 2,230 shares valued at approximately $1,756,000.
• Intuit recently announced a quarterly dividend of $1.20 per share, which reflects an increase from its previous dividend of $1.04 and represents an annual yield of 0.7%.
• Analysts have set a range of price targets for Intuit Inc., with the average target currently at $791.82, and ratings vary from Strong Buy to Sell, indicating mixed investor sentiment.

Norden Group LLC lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 34.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,230 shares of the software maker's stock after purchasing an additional 567 shares during the period. Norden Group LLC's holdings in Intuit were worth $1,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Accurate Wealth Management LLC boosted its position in shares of Intuit by 96.8% in the 2nd quarter. Accurate Wealth Management LLC now owns 1,285 shares of the software maker's stock worth $963,000 after purchasing an additional 632 shares during the last quarter. Hyperion Asset Management Ltd boosted its position in shares of Intuit by 9.6% in the 2nd quarter. Hyperion Asset Management Ltd now owns 160,733 shares of the software maker's stock worth $126,598,000 after purchasing an additional 14,012 shares during the last quarter. Martin Capital Advisors LLP boosted its position in shares of Intuit by 1.5% in the 2nd quarter. Martin Capital Advisors LLP now owns 5,692 shares of the software maker's stock worth $4,484,000 after purchasing an additional 85 shares during the last quarter. Argent Capital Management LLC bought a new position in shares of Intuit in the 2nd quarter worth $33,820,000. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Intuit by 20.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker's stock worth $751,000 after purchasing an additional 163 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTU has been the topic of several recent research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Morgan Stanley reduced their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Rothschild & Co Redburn lifted their target price on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Price Performance

NASDAQ:INTU opened at $699.18 on Wednesday. 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's 50-day simple moving average is $713.51 and its 200 day simple moving average is $686.81. The company has a market cap of $194.93 billion, a P/E ratio of 50.89, a P/E/G ratio of 2.71 and a beta of 1.26. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by insiders.

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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