Plato Investment Management Ltd Cuts Stake in Intuit Inc. $INTU

Key Points

• Plato Investment Management Ltd has reduced its holdings in Intuit Inc. by 18.6%, now owning 8,630 shares, valued at approximately $5.36 million.
• Other institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Intuit, reflecting strong institutional interest with a total of 83.66% of the company owned by such investors.
• Intuit reported a 20.3% year-over-year revenue growth in its recent earnings, with a consensus EPS target of $14.09 for the current year.

Plato Investment Management Ltd lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 18.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,630 shares of the software maker's stock after selling 1,968 shares during the period. Plato Investment Management Ltd's holdings in Intuit were worth $5,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of INTU. SCS Capital Management LLC acquired a new position in shares of Intuit during the first quarter valued at about $231,000. Optimize Financial Inc acquired a new position in shares of Intuit during the first quarter valued at about $218,000. Empowered Funds LLC boosted its holdings in Intuit by 15.9% in the first quarter. Empowered Funds LLC now owns 8,134 shares of the software maker's stock worth $4,994,000 after acquiring an additional 1,113 shares in the last quarter. Peloton Wealth Strategists boosted its holdings in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after acquiring an additional 15 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new position in Intuit in the first quarter worth approximately $323,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Up 0.6%

Shares of INTU stock traded up $4.26 on Thursday, hitting $660.52. The stock had a trading volume of 2,200,236 shares, compared to its average volume of 2,105,275. The business has a 50 day moving average of $728.22 and a 200 day moving average of $682.44. The stock has a market cap of $184.15 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 2.53 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. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS 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 the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on INTU. CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target on the stock. Evercore ISI increased their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was 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 is available through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the transaction, 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. Insiders sold a total of 9,879 shares of company stock valued at $7,558,613 in the last ninety days. Insiders own 2.68% of the company's stock.

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.