Park Avenue Securities LLC Acquires 1,772 Shares of Intuit Inc. $INTU

Key Points

• Park Avenue Securities LLC increased its holdings in Intuit Inc. by 14.5% during the second quarter, acquiring 1,772 additional shares, now totaling 13,959 shares valued at approximately $10.99 million.
• Intuit recently reported $2.75 earnings per share, exceeding expectations, with a 20.3% increase in revenue year-over-year, totaling $3.83 billion.
• The company announced a quarterly dividend increase to $1.20 per share, reflecting a positive change from its previous dividend, and set the ex-dividend date for October 9.

Park Avenue Securities LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,959 shares of the software maker's stock after buying an additional 1,772 shares during the period. Park Avenue Securities LLC's holdings in Intuit were worth $10,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after purchasing an additional 8,510 shares during the last quarter. Circle Wealth Management LLC grew its position in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after buying an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTU shares. Stifel Nicolaus lowered their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Citigroup lowered their target price 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. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Insiders Place Their Bets

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock valued at $7,558,613 over the last ninety days. 2.68% of the stock is owned by insiders.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $14.17 during midday trading on Monday, reaching $702.09. The company's stock had a trading volume of 2,403,184 shares, compared to its average volume of 2,059,445. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market capitalization of $195.74 billion, a P/E ratio of 51.10, a P/E/G ratio of 2.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The business's fifty day simple moving average is $714.44 and its 200-day simple moving average is $686.73.

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, topping analysts' consensus estimates 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%.The company's revenue was up 20.3% on a year-over-year basis. During the same period last year, the company 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, equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend 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 payout ratio is 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.