Phoenix Financial Ltd. Has $10.91 Million Stock Position in Intuit Inc. $INTU

Key Points

• Phoenix Financial Ltd. reduced its stake in Intuit Inc. by 10.9%, holding 13,861 shares worth $10.91 million after selling 1,690 shares in Q2.
• Intuit reported a 20.3% increase in revenue year-over-year to $3.83 billion for its most recent quarter, alongside a quarterly earnings per share of $2.75, surpassing analysts' estimates.
• The company announced a quarterly dividend increase to $1.20, up from $1.04, reflecting a 0.7% dividend yield for shareholders.

Phoenix Financial Ltd. lowered its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,861 shares of the software maker's stock after selling 1,690 shares during the quarter. Phoenix Financial Ltd.'s holdings in Intuit were worth $10,913,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in INTU. Dogwood Wealth Management LLC raised its stake in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after buying an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in Intuit during the 1st quarter worth $31,000. CBIZ Investment Advisory Services LLC raised its stake in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares during the period. TD Capital Management LLC raised its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit during the 1st quarter worth $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last quarter. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $664.77 on Tuesday. The stock has a market capitalization of $185.34 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.55 and a beta of 1.25. The business has a 50-day moving average of $674.70 and a 200-day moving average of $696.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

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 for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company 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 predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is 34.93%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

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.

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