Intuit Inc. $INTU Holdings Increased by Simplicity Wealth LLC

Simplicity Wealth LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 54.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,577 shares of the software maker’s stock after acquiring an additional 2,681 shares during the period. Simplicity Wealth LLC’s holdings in Intuit were worth $2,089,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. XXEC Inc. acquired a new stake in shares of Intuit in the 2nd quarter valued at $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth about $6,851,859,000. Corient Private Wealth LP acquired a new stake in shares of Intuit during the 2nd quarter worth about $40,545,000. Arrowstreet Capital Limited Partnership increased its position in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after purchasing an additional 215,814 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

Shares of INTU stock opened at $339.89 on Tuesday. The stock’s fifty day moving average is $321.12 and its 200-day moving average is $370.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $90.83 billion, a PE ratio of 20.60, a PEG ratio of 1.13 and a beta of 1.01. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 33.45%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTU. Weiss Ratings reissued a “sell (d+)” rating on shares of Intuit in a report on Tuesday, September 8th. Oppenheimer decreased their price objective on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and cut their target price for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Finally, Citigroup cut their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $431.55.

Insider Activity

In other Intuit news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.