Intuit Inc. $INTU Shares Bought by Tema Etfs LLC

Key Points

• Tema Etfs LLC significantly increased its holdings in Intuit Inc. by 146.2% during the first quarter, bringing their total number of shares to 2,720, valued at approximately $1.67 million.
• Several institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have also enhanced their positions in Intuit, with Brighton Jones increasing its shares by 61.3%.
• Intuit recently declared a quarterly dividend increase to $1.20 per share, up from the previous $1.04, indicating a commitment to rewarding shareholders amidst strong performance in their earnings report.

Tema Etfs LLC raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 146.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,720 shares of the software maker's stock after buying an additional 1,615 shares during the quarter. Tema Etfs LLC's holdings in Intuit were worth $1,670,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after purchasing an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 649,212 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Intuit by 6.8% in 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. Brown Advisory Inc. raised its stake in shares of Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

INTU traded down $1.20 during trading on Monday, hitting $667.00. The company's stock had a trading volume of 1,594,076 shares, compared to its average volume of 2,172,437. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The business's fifty day simple moving average is $747.30 and its 200 day simple moving average is $678.35. The firm has a market capitalization of $186.06 billion, a price-to-earnings ratio of 48.54, a P/E/G ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company earned $1.99 earnings per share. Intuit'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 research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is presently 30.28%.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Oppenheimer lifted their price target on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Bank of America reduced their price target on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Susquehanna reiterated a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Friday, August 22nd. One equities research 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 given a Sell rating to the stock. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the sale, the executive vice president directly owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,817 shares of company stock valued at $82,475,471. Insiders own 2.68% of the company's stock.

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.