Financiere des Professionnels Fonds d investissement inc. Invests $601,000 in Intuit Inc. $INTU

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 763 shares of the software maker’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker’s stock worth $17,348,790,000 after acquiring an additional 2,821,534 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Intuit in the first quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter worth approximately $785,564,000. Price T Rowe Associates Inc. MD boosted its position in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Intuit in the fourth quarter worth approximately $237,244,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

INTU stock opened at $662.68 on Thursday. The company has a market capitalization of $184.76 billion, a P/E ratio of 48.23, a PEG ratio of 2.51 and a beta of 1.26. The company has a 50-day simple moving average of $718.11 and a 200 day simple moving average of $683.93. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted 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. The business had revenue of $3.83 billion during 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%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio is currently 34.93%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Susquehanna reaffirmed a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the company an “overweight” rating in a research report on Friday, June 13th. Finally, Morgan Stanley reduced their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $797.62.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares of the company’s stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 in the last ninety days. Insiders own 2.68% of the company’s stock.

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.