Vanderbilt University Purchases New Position in Intuit Inc. $INTU

Key Points

• Vanderbilt University acquired a new stake in Intuit Inc. by purchasing 10,064 shares, valued at approximately $7.93 million, making it the university's 11th largest holding.
• Intuit reported quarterly earnings of $2.75 per share, exceeding estimates, with a year-over-year revenue increase of 20.3%.
• The company announced a dividend increase to $1.20 per share, showing a rise from the previous $1.04 quarterly dividend.

Vanderbilt University bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,064 shares of the software maker's stock, valued at approximately $7,927,000. Intuit comprises approximately 1.5% of Vanderbilt University's holdings, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in INTU. Dogwood Wealth Management LLC raised its holdings in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after buying an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit in the first quarter valued at about $31,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Intuit by 1,566.7% in the first 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 during the last quarter. TD Capital Management LLC lifted its position in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the first quarter valued at about $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on 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 owned 6,162,547 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,785 shares of company stock worth $2,029,299. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of INTU opened at $681.86 on Friday. 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 company has a market capitalization of $190.11 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 2.62 and a beta of 1.25. The company's 50 day simple moving average is $703.07 and its 200 day simple moving average is $690.94. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the firm 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. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on INTU. Citigroup lowered their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Oppenheimer lifted their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. lowered their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Barclays lowered their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, UBS Group lowered their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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.

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