Point72 Europe London LLP Invests $19.16 Million in Intuit Inc. $INTU

Key Points

• Point72 Europe London LLP has invested approximately $19.16 million in Intuit Inc., acquiring 31,200 shares, which constitutes 1.3% of its investment portfolio.
• Intuit recently reported earnings per share of $2.75, exceeding expectations, with a revenue increase of 20.3% year-over-year.
• The company has declared a quarterly dividend increase to $1.20, reflecting an annualized yield of 0.7%, up from the previous dividend of $1.04.

Point72 Europe London LLP acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,200 shares of the software maker's stock, valued at approximately $19,156,000. Intuit accounts for approximately 1.3% of Point72 Europe London LLP's investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management purchased a new position in shares of Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the 4th quarter valued at $28,000. TD Capital Management LLC lifted its position in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after buying an additional 46 shares during the last quarter. Olde Wealth Management LLC purchased a new position in shares of Intuit during the 1st quarter valued at $37,000. Finally, Activest Wealth Management lifted its position in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Up 1.0%

INTU stock traded up $6.69 during trading on Wednesday, reaching $668.68. The stock had a trading volume of 1,979,251 shares, compared to its average volume of 2,098,216. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a fifty day moving average price of $743.45 and a 200 day moving average price of $678.79. The company has a market capitalization of $186.53 billion, a P/E ratio of 48.67, a PEG ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.99 EPS. The company's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current 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 given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 30.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Evercore ISI upped their target price on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday. BMO Capital Markets increased their price objective on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, KeyCorp lowered their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 1,738 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. This represents a 79.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of Intuit stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $770.80, for a total value of $1,124,597.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,488 shares of company stock worth $56,356,595. 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.