United Services Automobile Association Makes New Investment in Intuit Inc. $INTU

Key Points

• The United Services Automobile Association acquired a new stake in Intuit Inc., purchasing 6,498 shares valued at approximately $3.89 million in the first quarter.
• Intuit recently reported a quarterly earnings per share (EPS) of $2.75, exceeding analysts' expectations, with a year-over-year revenue growth of 20.3%.
• The company announced an increased quarterly dividend of $1.20 per share, boosting the annualized dividend from $4.16 to $4.80.

United Services Automobile Association purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,498 shares of the software maker's stock, valued at approximately $3,892,000.

A number of other hedge funds also recently made changes to their positions in INTU. Vanguard Group Inc. increased its position in Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Wellington Management Group LLP raised its stake in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after buying an additional 252,265 shares during the period. Finally, Invesco Ltd. boosted its position in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Up 0.7%

NASDAQ INTU opened at $672.82 on Monday. The company has a market cap of $187.58 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 2.60 and a beta of 1.26. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The business has a 50 day moving average price of $737.50 and a 200-day moving average price of $681.31. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company 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%.Intuit's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business 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. As a group, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. 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. Intuit's dividend payout ratio (DPR) is currently 30.28%.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,213 shares of company stock worth $7,115,570 in the last 90 days. Company insiders own 2.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INTU shares. Barclays lowered their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Evercore ISI lifted their target price on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, CLSA assumed coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $797.62.

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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