Overbrook Management Corp Increases Stake in Intuit Inc. $INTU

Key Points

• Overbrook Management Corp increased its stake in Intuit Inc. by 10.3%, bringing its total shares to 24,411 and making it the firm's 11th largest holding.
• Several large institutional investors, including Vanguard Group and Price T Rowe Associates, have also raised their stakes in Intuit, indicating a growing interest in the company.
• Intuit recently announced an increase in its quarterly dividend to $1.20 per share, up from $1.04, reflecting a positive outlook for the company's financial health.

Overbrook Management Corp grew its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,411 shares of the software maker's stock after buying an additional 2,277 shares during the quarter. Intuit accounts for 3.6% of Overbrook Management Corp's investment portfolio, making the stock its 11th largest holding. Overbrook Management Corp's holdings in Intuit were worth $19,227,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after buying an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Intuit by 7.8% during the 1st 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 buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP raised its position in Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Brown Advisory Inc. raised its position in Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after buying an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. raised its position in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Morgan Stanley decreased 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. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,141 shares of company stock valued at $6,195,865. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

INTU stock opened at $698.26 on Monday. The stock's 50 day moving average price is $710.05 and its 200 day moving average price is $689.85. The firm has a market cap of $194.67 billion, a P/E ratio of 50.82, a PEG ratio of 2.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. 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 released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 $1.20 dividend. This is a positive change 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 payout ratio is currently 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.

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