Ieq Capital LLC Increases Stock Position in Intuit Inc. $INTU

Ieq Capital LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 4.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,537 shares of the software maker’s stock after buying an additional 1,038 shares during the quarter. Ieq Capital LLC’s holdings in Intuit were worth $13,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in INTU. GAMMA Investing LLC boosted its stake 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 valued at $17,348,790,000 after purchasing an additional 2,821,534 shares during the period. Nuveen LLC purchased a new position in shares of Intuit in the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the first quarter valued at $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intuit by 33.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker’s stock valued at $1,930,765,000 after acquiring an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $5,537,435,000 after acquiring an additional 649,212 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. The Goldman Sachs Group upped their price target on shares of Intuit from $750.00 to $860.00 and gave the company a “buy” rating in a report on Monday, May 19th. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. CLSA assumed coverage on shares of Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target on the stock. Finally, KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $797.62.

Intuit Stock Up 0.6%

Shares of NASDAQ:INTU opened at $663.17 on Thursday. The stock has a market capitalization of $184.99 billion, a price-to-earnings ratio of 48.27, a price-to-earnings-growth ratio of 2.58 and a beta of 1.28. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company’s fifty day moving average is $750.92 and its two-hundred day moving average is $675.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its 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 analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s payout ratio is currently 30.28%.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 2,591 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marianna Tessel sold 34,329 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the transaction, the executive vice president owned 40,767 shares of the company’s stock, valued at $31,017,164.28. This represents a 45.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,817 shares of company stock valued at $82,475,471. Corporate 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.