United Bank Acquires Shares of 932 Intuit Inc. $INTU

Key Points

• United Bank has acquired a new stake of 932 shares in Intuit Inc., valued at approximately $734,000, according to their Form 13F filing with the SEC.
• Several analysts have raised their target prices for Intuit stock, with Oppenheimer increasing its target from $742.00 to $868.00 and maintaining an "outperform" rating.
• Intuit recently announced a quarterly dividend of $1.20 per share, reflecting an annualized dividend of $4.80, a significant increase from its previous dividend of $1.04.

United Bank acquired a new stake in shares of 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 acquired 932 shares of the software maker's stock, valued at approximately $734,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC boosted its holdings in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Intuit during the 2nd quarter valued at about $37,000. CBIZ Investment Advisory Services LLC raised its position in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC raised its position in shares of 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 buying an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter valued at about $37,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of 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 decreased their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. Stifel Nicolaus reduced their price objective 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, Rothschild & Co Redburn increased their price objective on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $791.82.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $661.39 on Friday. The firm has a market cap of $184.40 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25. The firm's 50 day simple moving average is $675.52 and its 200-day simple moving average is $694.60. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. 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 (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit's dividend payout ratio is 34.93%.

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.

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