Smartleaf Asset Management LLC Has $2.38 Million Stake in Intuit Inc. $INTU

Key Points

• Smartleaf Asset Management LLC increased its holdings in Intuit Inc. by 12.3% during the first quarter, acquiring a total of 3,972 shares valued at approximately $2.38 million.
• Major institutional investors like Invesco Ltd. and Charles Schwab Investment Management also expanded their shareholdings in Intuit, contributing to hedge funds and institutional investors owning 83.66% of the company's stock.
• Analysts have varying price targets for Intuit, with Evercore ISI raising their target to $785, while others like Barclays and Citigroup have adjusted theirs downward, reflecting a mix of bullish and cautious outlooks.

Smartleaf Asset Management LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,972 shares of the software maker's stock after acquiring an additional 434 shares during the period. Smartleaf Asset Management LLC's holdings in Intuit were worth $2,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. GAMMA Investing LLC grew its stake in Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. Nuveen LLC acquired a new position in shares of Intuit during the 1st quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the first quarter worth approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after buying an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,650 shares of company stock worth $113,959,883. 2.68% of the stock is owned by insiders.

Intuit Trading Up 0.4%

INTU traded up $2.58 during trading on Tuesday, reaching $659.54. 3,762,506 shares of the company's stock were exchanged, compared to its average volume of 2,044,962. The company's fifty day moving average price is $754.86 and its 200-day moving average price is $676.08. The firm has a market capitalization of $183.98 billion, a PE ratio of 42.99, a P/E/G ratio of 2.57 and a beta of 1.28. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results 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 company 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%.Intuit's revenue was up 20.3% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared 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 yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 30.28%.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent analyst reports. Susquehanna restated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. BMO Capital Markets boosted their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average 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.