Voleon Capital Management LP Sells 2,095 Shares of Intuit Inc. $INTU

Key Points

• Voleon Capital Management LP reduced its stake in Intuit Inc. (NASDAQ:INTU) by 39.0%, owning 3,276 shares valued at approximately $2.01 million after selling 2,095 shares.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, with an annualized yield of 0.7%, which reflects a rise from the previous dividend of $1.04.
• Analysts remain optimistic with a consensus rating of “Moderate Buy” and a target price averaging $797.62 for Intuit, with various firms adjusting their price targets upwards.

Voleon Capital Management LP lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 39.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,276 shares of the software maker's stock after selling 2,095 shares during the quarter. Voleon Capital Management LP's holdings in Intuit were worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management purchased a new position in shares of Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit during the 4th quarter valued at $28,000. Vista Cima Wealth Management LLC purchased a new position in shares of Intuit during the 1st quarter valued at $31,000. TD Capital Management LLC lifted 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 during the last quarter. Finally, Olde Wealth Management LLC purchased a new position in shares of Intuit during the 1st quarter valued at $37,000. Institutional investors own 83.66% of the company's stock.

Intuit Trading Down 0.1%

Shares of NASDAQ:INTU traded down $0.79 during trading on Tuesday, reaching $670.89. 1,254,198 shares of the company traded hands, compared to its average volume of 2,090,479. The firm has a market capitalization of $187.04 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 2.59 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 company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The business's fifty day moving average is $733.01 and its 200-day moving average is $681.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business posted $1.99 EPS. The business's revenue was up 20.3% on a year-over-year basis. 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, analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, October 9th. This is a positive change 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%. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alex G. Balazs sold 882 shares of Intuit 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. Insiders have sold 9,213 shares of company stock valued at $7,115,570 in the last ninety days. Corporate insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTU. JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Evercore ISI increased their price objective on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Bank of America dropped their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $797.62.

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.