505 Shares in Intuit Inc. $INTU Acquired by Permanens Capital L.P.

Key Points

• Permanens Capital L.P. purchased a new stake in Intuit Inc., acquiring 505 shares valued at approximately $310,000 in the first quarter.
• Intuit's stock price performance shows significant growth, with analysts giving it a consensus target price of $797.62 and a majority rating of "Buy" from equity research analysts.
• The company has declared a quarterly dividend of $1.20, which is an increase from the previous $1.04, reflecting a strong financial position with a payout ratio of 34.93%.

Permanens Capital L.P. bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 505 shares of the software maker's stock, valued at approximately $310,000.

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

Insider Activity at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,213 shares of company stock worth $7,115,570. 2.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays cut their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. UBS Group cut their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Piper Sandler restated an "overweight" rating and issued a $825.00 target price (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, Susquehanna reiterated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

Shares of Intuit stock traded up $4.26 during trading on Thursday, hitting $660.52. The stock had a trading volume of 2,177,763 shares, compared to its average volume of 1,824,114. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. 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 has a fifty day moving average of $730.66 and a two-hundred day moving average of $681.80. The firm has a market cap of $184.15 billion, a P/E ratio of 48.07, a PEG ratio of 2.59 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data 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. 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 company posted $1.99 EPS. The business's revenue 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 business also recently declared 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 an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is currently 30.28%.

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.