ThornTree Capital Partners LP Buys Shares of 56,543 Intuit Inc. $INTU

Key Points

• ThornTree Capital Partners LP has invested approximately $34.72 million in Intuit Inc., acquiring 56,543 shares which now represent 7.7% of its total holdings, making it the firm's 4th largest investment.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, reflecting an annual dividend yield of 0.7% and an increase from the previous dividend of $1.04.
• The company's latest earnings report showed an earnings per share of $2.75, surpassing analysts' expectations, with a revenue of $3.83 billion and a year-over-year revenue growth of 20.3%.

ThornTree Capital Partners LP bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 56,543 shares of the software maker's stock, valued at approximately $34,717,000. Intuit accounts for 7.7% of ThornTree Capital Partners LP's portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. Copia Wealth Management purchased a new stake in shares of Intuit in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit in the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit in the 1st quarter worth approximately $31,000. TD Capital Management LLC boosted its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter worth $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity

In related news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated 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. Over the last quarter, insiders have sold 9,213 shares of company stock valued at $7,115,570. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reduced their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Bank of America lowered their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Evercore ISI upped their target price on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Stock Performance

Intuit stock traded down $0.79 during trading on Tuesday, reaching $670.89. The company had a trading volume of 1,254,198 shares, compared to its average volume of 2,090,479. 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. The firm has a market capitalization of $187.04 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last posted 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 business had revenue of $3.83 billion for 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 business's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm earned $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. Sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given 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 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.

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.