MUFG Securities EMEA plc Acquires New Stake in Intuit Inc. $INTU

MUFG Securities EMEA plc bought a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,200 shares of the software maker’s stock, valued at approximately $1,733,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. Dogwood Wealth Management LLC lifted its holdings in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the period. LGT Financial Advisors LLC acquired a new position in Intuit in the second quarter worth approximately $32,000. RMG Wealth Management LLC bought a new position in shares of Intuit in the second quarter valued at $37,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Avion Wealth lifted its position in shares of Intuit by 54.3% during the 2nd quarter. Avion Wealth now owns 54 shares of the software maker’s stock valued at $42,000 after acquiring an additional 19 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

INTU has been the subject of several analyst reports. UBS Group reduced their target price on 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 restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Oppenheimer raised their target price on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Bank of America dropped their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $667.55 on Friday. The firm has a market cap of $186.11 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $669.06 and a 200 day simple moving average of $702.52.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. 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 predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is currently 34.93%.

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.