Intuit Inc. $INTU Shares Bought by Vident Advisory LLC

Vident Advisory LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 22.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 46,940 shares of the software maker’s stock after purchasing an additional 8,510 shares during the quarter. Vident Advisory LLC’s holdings in Intuit were worth $28,821,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its holdings in shares of Intuit by 16.7% during the first quarter. Evergreen Capital Management LLC now owns 5,034 shares of the software maker’s stock valued at $3,091,000 after acquiring an additional 720 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Intuit by 97.8% during the first quarter. Canada Pension Plan Investment Board now owns 491,892 shares of the software maker’s stock valued at $302,017,000 after acquiring an additional 243,169 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Intuit by 4.6% during the first quarter. Parnassus Investments LLC now owns 1,168,978 shares of the software maker’s stock valued at $717,741,000 after acquiring an additional 51,651 shares during the period. WPG Advisers LLC acquired a new position in shares of Intuit during the first quarter valued at $198,000. Finally, TD Capital Management LLC boosted its holdings in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several research analyst reports. Susquehanna reaffirmed a “positive” rating on shares of Intuit in a report on Friday, May 23rd. UBS Group reduced their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a report on Friday, August 22nd. Bank of America reduced their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price objective for the company. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $797.62.

Insider Activity

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was 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. In the last quarter, insiders have sold 107,817 shares of company stock worth $82,475,471. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

Shares of Intuit stock opened at $668.20 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $749.19 and its two-hundred day moving average price is $676.44. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a market cap of $186.39 billion, a PE ratio of 48.63, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is presently 30.28%.

About Intuit

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.