Select Equity Group L.P. Acquires Shares of 230,668 Intuit Inc. $INTU

Key Points

• Select Equity Group L.P. has invested approximately $141.63 million in Intuit Inc., acquiring 230,668 shares during the first quarter, representing about 0.08% of the company.
• Intuit reported a 20.3% increase in quarterly revenue year-over-year, reaching $3.83 billion, while earnings per share exceed analysts' estimates at $2.75.
• The company has announced a dividend increase to $1.20 per share, up from $1.04, reflecting a commitment to return value to shareholders.

Select Equity Group L.P. bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 230,668 shares of the software maker's stock, valued at approximately $141,628,000. Select Equity Group L.P. owned about 0.08% of Intuit as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in INTU. Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit during the fourth quarter valued at $28,000. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter valued at $31,000. TD Capital Management LLC boosted its stake in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter valued at $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,213 shares of company stock worth $7,115,570. Insiders own 2.68% of the company's stock.

Intuit Stock Down 0.1%

Shares of NASDAQ:INTU traded down $0.79 during mid-day trading on Tuesday, hitting $670.89. 1,254,198 shares of the company traded hands, compared to its average volume of 2,090,479. The firm has a market cap of $187.04 billion, a P/E ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm's 50 day simple moving average is $733.01 and its 200 day simple moving average is $681.97.

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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% on a year-over-year basis. During the same period last year, the business posted $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. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is an increase 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 analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets raised their price target on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citigroup decreased their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. KeyCorp decreased their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

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.