Intuit Inc. $INTU Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its position in Intuit Inc. by 16.6%, selling 8,780 shares and ending with 44,056 shares valued at approximately $27 million.
• Intuit recently reported quarterly earnings with an EPS of $2.75, exceeding expectations of $2.66, and saw a revenue increase of 20.3% year-over-year.
• The company announced a quarterly dividend increase to $1.20 per share, up from $1.04, with an ex-dividend date set for October 9th.

USS Investment Management Ltd lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 16.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,056 shares of the software maker's stock after selling 8,780 shares during the quarter. USS Investment Management Ltd's holdings in Intuit were worth $27,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Copia Wealth Management bought a new position in Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter valued at $28,000. TD Capital Management LLC grew its position in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Olde Wealth Management LLC bought a new position in Intuit in the 1st quarter valued at $37,000. Finally, Activest Wealth Management boosted its holdings in shares of Intuit by 3,050.0% in the first quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after purchasing an additional 61 shares during the period. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTU. KeyCorp lowered their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Evercore ISI boosted their price target on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Down 0.1%

Intuit stock traded down $0.79 during mid-day trading on Tuesday, reaching $670.89. 1,254,198 shares of the company were exchanged, compared to its average volume of 2,090,479. The business has a fifty day moving average of $733.01 and a 200 day moving average of $681.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $187.04 billion, a P/E ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during 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%.Intuit's revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is currently 30.28%.

Insider Buying and Selling at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,213 shares of company stock valued at $7,115,570. Corporate insiders own 2.68% of the company's stock.

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.