OMERS ADMINISTRATION Corp Sells 1,226 Shares of Intuit Inc. $INTU

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Intuit Inc. by 9.8%, selling 1,226 shares and holding 11,247 shares valued at $6,906,000 as of the end of the most recent quarter.
• Intuit's recent quarterly earnings surpassed expectations, reporting $2.75 EPS against a consensus estimate of $2.66, with revenue also exceeding projections at $3.83 billion.
• The company announced an increase in its quarterly dividend to $1.20 per share, scheduled for distribution on October 17th, enhancing its annualized dividend to $4.80.

OMERS ADMINISTRATION Corp trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,247 shares of the software maker's stock after selling 1,226 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Intuit were worth $6,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. GAMMA Investing LLC grew its position in Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after acquiring an additional 2,821,534 shares during the last quarter. Nuveen LLC bought a new position in shares of Intuit in the first quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the first quarter worth approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Intuit by 33.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after purchasing an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTU. Piper Sandler restated an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a report on Friday, May 23rd. Oppenheimer raised their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 price target on shares of Intuit in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 1,459 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $770.80, for a total transaction of $1,124,597.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business'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 sale, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,488 shares of company stock worth $56,356,595 in the last quarter. Insiders own 2.68% of the company's stock.

Intuit Stock Down 0.8%

Intuit stock traded down $5.55 on Tuesday, hitting $661.45. 1,075,492 shares of the stock traded hands, compared to its average volume of 1,818,201. The business's fifty day simple moving average is $745.39 and its 200 day simple moving average is $678.91. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The firm has a market cap of $184.51 billion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 2.57 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 posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is presently 30.28%.

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.