UniSuper Management Pty Ltd Has $53.28 Million Stock Position in Intuit Inc. $INTU

Key Points

• UniSuper Management Pty Ltd increased its stake in Intuit Inc. by 3.6% in Q1, holding 86,780 shares valued at approximately $53.3 million as of the latest reporting period.
• Intuit reported a Q1 earnings per share (EPS) of $2.75, exceeding expectations, with quarterly revenue of $3.83 billion, reflecting a 20.3% year-over-year increase.
• The company has declared a quarterly dividend of $1.20, representing an increase from the previous $1.04, with a current annualized yield of 0.7%.

UniSuper Management Pty Ltd increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,780 shares of the software maker's stock after acquiring an additional 3,037 shares during the period. UniSuper Management Pty Ltd's holdings in Intuit were worth $53,282,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares in the last quarter. Circle Wealth Management LLC raised its stake 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 in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. CLSA assumed coverage on Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Barclays cut their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Oppenheimer raised their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One investment 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 stock. According to MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Performance

Shares of INTU 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. The firm's 50 day simple moving average is $733.01 and its two-hundred day simple moving average is $681.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a market capitalization of $187.04 billion, a PE ratio of 48.83, a PEG ratio of 2.59 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business earned $1.99 EPS. The firm's 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. Sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share 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 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 yield of 0.7%. Intuit's payout ratio is 30.28%.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the sale, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,213 shares of company stock worth $7,115,570. Insiders own 2.68% of the company's stock.

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.