Waterloo Capital L.P. Boosts Stock Position in Intuit Inc. $INTU

Waterloo Capital L.P. raised its holdings in Intuit Inc. (NASDAQ:INTU) by 34.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the software maker’s stock after purchasing an additional 336 shares during the period. Waterloo Capital L.P.’s holdings in Intuit were worth $1,033,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KMG Fiduciary Partners LLC raised its holdings in Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after purchasing an additional 14 shares during the last quarter. Weaver Capital Management LLC raised its stake in shares of Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after purchasing an additional 14 shares in the last quarter. May Hill Capital LLC raised its stake in shares of Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after purchasing an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its position in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Up 4.0%

NASDAQ:INTU opened at $663.15 on Monday. The firm has a market capitalization of $184.89 billion, a P/E ratio of 48.26, a P/E/G ratio of 2.53 and a beta of 1.25. The business has a 50 day simple moving average of $666.30 and a 200 day simple moving average of $707.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $2.50 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Analysts Set New Price Targets

Several analysts recently weighed in on INTU shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. 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. Stifel Nicolaus decreased their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $798.13.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,836 shares of company stock valued at $1,235,203. 2.68% of the stock is owned by insiders.

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.