Retireful LLC Invests $332,000 in Intuit Inc. $INTU

Key Points

• Retireful LLC invested approximately $332,000 to acquire 422 shares of Intuit Inc. during the 2nd quarter, while institutional investors now own 83.66% of the company's stock.
• Intuit reported a net margin of 20.55% and surpassed analysts' expectations with $2.75 EPS on revenue of $3.83 billion for the last quarter.
• The company has announced a quarterly dividend increase to $1.20 per share, with the upcoming payout set for October 17th, reflecting a positive change from the previous $1.04.

Retireful LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 422 shares of the software maker's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Intuit during the 4th quarter worth approximately $64,000. Heck Capital Advisors LLC bought a new stake in Intuit during the 4th quarter worth approximately $28,000. Finally, Copia Wealth Management bought a new stake in Intuit during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company'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 $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,879 shares of company stock valued at $7,558,613. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock opened at $694.79 on Thursday. The business has a 50-day simple moving average of $712.39 and a 200 day simple moving average of $686.87. Intuit Inc. has a one year low of $532.65 and a one year 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 firm has a market capitalization of $193.71 billion, a price-to-earnings ratio of 50.57, a PEG ratio of 2.70 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 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The firm 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%.The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on INTU shares. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note 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 research report on Friday, August 22nd. BMO Capital Markets upped their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. CLSA began coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. Finally, Rothschild & Co Redburn lifted their price objective on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuit has a consensus 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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