US Bancorp DE increased its stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,729 shares of the software maker’s stock after acquiring an additional 479 shares during the period. US Bancorp DE’s holdings in Intuit were worth $139,987,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of INTU. Brighton Jones LLC increased its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. NBC Securities Inc. acquired a new position in Intuit during the first quarter worth approximately $92,000. Wealth Group Ltd. acquired a new position in Intuit during the first quarter worth approximately $493,000. Finally, Portside Wealth Group LLC increased its position in Intuit by 13.2% during the first quarter. Portside Wealth Group LLC now owns 711 shares of the software maker’s stock worth $437,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Analysts Set New Price Targets
INTU has been the topic of a number of recent analyst reports. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Oppenheimer boosted 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. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, BMO Capital Markets upped their target price on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.
Insider Buying and Selling
In related news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is owned by corporate insiders.
Intuit Price Performance
Intuit stock opened at $657.80 on Thursday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock’s 50 day moving average is $692.42 and its 200-day moving average is $692.73. 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 company has a market capitalization of $183.40 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.54 and a beta of 1.25.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business 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 firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 expect that Intuit Inc. will post 14.09 EPS for the current year.
Intuit Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend 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.
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