Intuit Inc. $INTU Shares Bought by Cascade Investment Group Inc.

Cascade Investment Group Inc. raised its stake in Intuit Inc. (NASDAQ:INTU) by 0.8% in the first quarter, HoldingsChannel reports. The fund owned 2,413 shares of the software maker’s stock after purchasing an additional 18 shares during the period. Intuit accounts for approximately 1.1% of Cascade Investment Group Inc.’s investment portfolio, making the stock its 22nd largest holding. Cascade Investment Group Inc.’s holdings in Intuit were worth $1,482,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Decatur Capital Management Inc. lifted its holdings in Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock valued at $3,069,000 after acquiring an additional 16 shares during the period. Financial Management Professionals Inc. boosted its position in Intuit by 18.4% during the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker’s stock worth $71,000 after purchasing an additional 18 shares in the last quarter. Chris Bulman Inc boosted its position in Intuit by 1.2% during the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker’s stock worth $935,000 after purchasing an additional 18 shares in the last quarter. Kolinsky Wealth Management LLC boosted its position in Intuit by 1.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker’s stock worth $749,000 after purchasing an additional 19 shares in the last quarter. Finally, Norden Group LLC boosted its position in Intuit by 1.2% during the first quarter. Norden Group LLC now owns 1,663 shares of the software maker’s stock worth $1,021,000 after purchasing an additional 19 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was 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 $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction that occurred on 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 owned 831 shares of the company’s stock, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,465 shares of company stock valued at $101,769,179. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTU. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. The Goldman Sachs Group increased their price target on Intuit from $750.00 to $860.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a report on Friday, August 22nd. Finally, Bank of America reduced their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average price target of $797.62.

Intuit Price Performance

INTU stock opened at $659.54 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The business has a 50 day simple moving average of $752.75 and a 200-day simple moving average of $675.97. The firm has a market capitalization of $183.98 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business 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 research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

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.