Two Point Capital Management Inc. Buys Shares of 5,503 Intuit Inc. $INTU

Key Points

• Two Point Capital Management Inc. purchased 5,503 shares of Intuit Inc. (NASDAQ:INTU), valued at approximately $4.3 million, making it the company's 21st largest position.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, with an annualized yield of 0.7%, reflecting a rise from its previous dividend of $1.04.
• Analysts have mixed ratings on Intuit, with Zacks Research downgrading the stock to a "hold," while CLSA initiated coverage with an "outperform" rating and a price target of $900.

Two Point Capital Management Inc. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,503 shares of the software maker's stock, valued at approximately $4,334,000. Intuit accounts for approximately 1.8% of Two Point Capital Management Inc.'s holdings, making the stock its 21st largest position.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after acquiring an additional 82,419 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after acquiring an additional 8,510 shares during the period. Circle Wealth Management LLC boosted its position in shares of Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INTU shares. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. CLSA initiated coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective on the stock. Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,785 shares of company stock valued at $2,029,299 over the last 90 days. Company insiders own 2.68% of the company's stock.

Intuit Trading Up 0.3%

NASDAQ INTU opened at $681.86 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $190.11 billion, a P/E ratio of 49.63, a P/E/G ratio of 2.62 and a beta of 1.25. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm has a 50-day moving average price of $703.07 and a 200 day moving average price of $690.94.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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 expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is 34.93%.

Intuit Company 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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