Intuit Inc. $INTU Shares Bought by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd raised its holdings in Intuit Inc. (NASDAQ:INTU) by 220.5% during the second quarter, HoldingsChannel reports. The firm owned 12,776 shares of the software maker’s stock after buying an additional 8,790 shares during the period. Intuit comprises about 1.6% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 18th biggest holding. Ninety One SA PTY Ltd’s holdings in Intuit were worth $10,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vista Cima Wealth Management LLC acquired a new stake in Intuit during the 1st quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC raised its stake in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new position in Intuit in the 1st quarter valued at $37,000. Finally, Banque Transatlantique SA acquired a new position in Intuit in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the sale, the director directly owned 15,474 shares in the company, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,376 shares of company stock valued at $4,056,031. Insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on INTU shares. BMO Capital Markets lifted their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Citigroup reduced their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. CLSA initiated coverage on Intuit in a research note on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price for the company. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Trading Down 1.7%

Shares of Intuit stock opened at $682.91 on Wednesday. The stock has a market cap of $190.40 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26. 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 company has a 50-day moving average of $706.99 and a two-hundred day moving average of $690.46. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last released 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 business 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%.The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is 30.28%.

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.