Talbot Financial LLC Has $28.69 Million Stake in Intuit Inc. $INTU

Key Points

• Talbot Financial LLC increased its stake in Intuit Inc. by 14.2% in Q2, now owning approximately 36,421 shares worth around $28.69 million.
• Intuit recently reported $2.75 earnings per share for the last quarter, exceeding expectations, with revenue increasing 20.3% year-over-year.
• The company declared a quarterly dividend increase to $1.20 per share, marking a rise from the previous $1.04.

Talbot Financial LLC increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,421 shares of the software maker's stock after buying an additional 4,515 shares during the quarter. Intuit comprises approximately 2.7% of Talbot Financial LLC's holdings, making the stock its 8th largest holding. Talbot Financial LLC's holdings in Intuit were worth $28,687,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTU. Nuveen LLC bought a new stake in Intuit in the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the first quarter worth $785,564,000. 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 worth $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock worth $646,613,000 after buying an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Down 0.3%

Shares of INTU opened at $679.94 on Friday. 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 one year low of $532.65 and a one year high of $813.70. The stock has a market capitalization of $189.57 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 2.62 and a beta of 1.25. The stock has a 50 day moving average price of $700.95 and a 200 day moving average price of $692.11.

Intuit (NASDAQ:INTU - Get Free Report) last issued its 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. 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%.The firm's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares in the company, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,785 shares of company stock worth $2,029,299 in the last 90 days. Insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTU. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research report on Saturday, September 27th. Oppenheimer lifted their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Rothschild & Co Redburn lifted their target price on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Finally, Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit 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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