BOCHK Asset Management Ltd Makes New Investment in Intuit Inc. $INTU

BOCHK Asset Management Ltd bought a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, HoldingsChannel reports. The firm bought 200 shares of the software maker’s stock, valued at approximately $158,000.

Several other hedge funds have also recently modified their holdings of INTU. Dogwood Wealth Management LLC raised its holdings in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the first quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC raised its stake in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC raised its stake 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 purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $679.50 on Thursday. The stock has a fifty day simple moving average of $705.06 and a 200-day simple moving average of $690.39. 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 stock has a market cap of $189.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.64 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm 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. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business 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. This is a boost 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%.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. The trade was a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were 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 sold 2,785 shares of company stock worth $2,029,299 in the last ninety days. 2.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus dropped their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $791.82.

Intuit 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.