Advisors Capital Management LLC Increases Position in Intuit Inc. $INTU

Advisors Capital Management LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,738 shares of the software maker’s stock after purchasing an additional 109 shares during the quarter. Advisors Capital Management LLC’s holdings in Intuit were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of INTU. GAMMA Investing LLC raised its stake in shares of Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker’s stock valued at $17,348,790,000 after acquiring an additional 2,821,534 shares during the period. Nuveen LLC purchased a new stake in shares of Intuit in the 1st quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the 1st quarter valued at approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker’s stock valued at $1,930,765,000 after buying an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after buying an additional 649,212 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTU shares. UBS Group decreased their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Evercore ISI raised their target price on shares of Intuit from $685.00 to $785.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Stifel Nicolaus reduced their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note 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 research note on Tuesday, September 2nd. Finally, Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $797.62.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the transaction, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alex G. Balazs sold 882 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock worth $7,558,613 in the last three months. Company insiders own 2.68% of the company’s stock.

Intuit Stock Down 2.2%

Shares of NASDAQ INTU opened at $646.03 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50-day moving average price of $725.50 and a 200 day moving average price of $683.06. The stock has a market capitalization of $180.11 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the business earned $1.99 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced 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 is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is 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.