Oliver Lagore Vanvalin Investment Group Makes New Investment in Intuit Inc. $INTU

Key Points

• Oliver Lagore Vanvalin Investment Group invested $1.33 million in Intuit Inc. by acquiring 1,693 shares in the second quarter, according to regulatory filings.
• Several hedge funds increased their holdings in Intuit, with Vanguard Group owning over $16.7 billion worth of shares after a 1.1% increase in their stake.
• Intuit announced a quarterly dividend increase to $1.20 per share, reflecting a positive change from its previous dividend of $1.04 and a dividend yield of 0.7%.

Oliver Lagore Vanvalin Investment Group acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,693 shares of the software maker's stock, valued at approximately $1,333,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Copia Wealth Management bought a new position in Intuit during the fourth quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in Intuit during the fourth quarter worth about $28,000. Vista Cima Wealth Management LLC bought a new position in Intuit during the first quarter worth about $31,000. CBIZ Investment Advisory Services LLC raised its stake 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 valued at $31,000 after purchasing an additional 47 shares during the period. Finally, TD Capital Management LLC raised its stake 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 valued at $34,000 after purchasing an additional 46 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Performance

Shares of Intuit stock traded down $3.53 during mid-day trading on Tuesday, hitting $698.56. 721,099 shares of the stock were exchanged, compared to its average volume of 1,843,640. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a 50-day simple moving average of $714.44 and a 200 day simple moving average of $686.73. 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 company has a market capitalization of $194.76 billion, a P/E ratio of 50.80, a P/E/G ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. Intuit's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share 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. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is currently 30.28%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Bank of America lowered their price target on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Oppenheimer boosted their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday. One research 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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.