R Squared Ltd Invests $654,000 in Intuit Inc. $INTU

Key Points

• R Squared Ltd has invested approximately $654,000 in Intuit Inc. during the second quarter, acquiring a total of 830 shares of the software maker's stock.
• In recent analyst reports, price targets for Intuit have varied, with BMO Capital Markets raising it to $870.00, while Stifel Nicolaus lowered theirs to $800.00, reflecting diverging views on the company's prospects.
• Intuit has recently increased its quarterly dividend to $1.20, resulting in an annualized dividend yield of 0.7%, a positive change from its previous payout.

R Squared Ltd acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 830 shares of the software maker's stock, valued at approximately $654,000.

Several other large investors have also recently bought and sold shares of the stock. Dogwood Wealth Management LLC boosted its holdings in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter valued at $32,000. RMG Wealth Management LLC bought a new stake in shares of Intuit in the 2nd quarter worth $37,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Avion Wealth grew its holdings in Intuit by 54.3% during the second quarter. Avion Wealth now owns 54 shares of the software maker's stock worth $42,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Citigroup decreased 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

INTU opened at $677.72 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $672.45 and its two-hundred day moving average price is $697.02. The firm has a market capitalization of $188.95 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25. 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 issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $1.99 earnings per share. The company's quarterly 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, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a 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 presently 34.93%.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company's stock, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last 90 days. 2.68% of the stock is currently owned by insiders.

Intuit Company 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.

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