56,543 Shares in Intuit Inc. $INTU Bought by ThornTree Capital Partners LP

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) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 56,543 shares of the software maker's stock, valued at approximately $34,717,000. Intuit makes up approximately 7.7% of ThornTree Capital Partners LP's investment portfolio, making the stock its 4th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. TD Capital Management LLC grew its position in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in Intuit during the 1st quarter valued at $37,000. Finally, Activest Wealth Management increased its holdings in Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 2.2%

Intuit stock traded down $14.47 during trading hours on Friday, reaching $646.05. 900,643 shares of the company's stock traded hands, compared to its average volume of 1,818,408. The firm has a market capitalization of $180.12 billion, a price-to-earnings ratio of 47.04, a PEG ratio of 2.53 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 fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm's 50 day moving average is $728.22 and its 200-day moving average is $682.44.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 net margin of 20.55% and a return on equity of 22.72%. During the same quarter in the previous year, the company earned $1.99 EPS. Intuit's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business 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 an increase 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 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is currently 34.93%.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 1,738 shares of Intuit stock in a transaction on Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the sale, the chief accounting officer directly owned 455 shares of the company's stock, valued at $356,760.95. The trade was a 79.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares of the company's stock, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 over the last three months. Insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna restated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. KeyCorp lowered their target price on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Stifel Nicolaus reduced their target price on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average 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.