Intuit Inc. $INTU Position Boosted by Impact Investors Inc

Impact Investors Inc grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 741 shares of the software maker’s stock after purchasing an additional 63 shares during the period. Impact Investors Inc’s holdings in Intuit were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in INTU. Nuveen LLC acquired a new position in shares of Intuit in the first quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the first quarter worth about $785,564,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after buying an additional 375,742 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after buying an additional 358,328 shares during the period. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus reduced their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets increased their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Rothschild & Co Redburn increased their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Trading Down 0.3%

NASDAQ:INTU opened at $679.94 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market cap of $189.57 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $700.95 and its 200-day moving average is $691.50.

Intuit (NASDAQ:INTU) last released its quarterly 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 net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The company’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. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company’s stock, valued at $552,606.69. The trade was a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,785 shares of company stock worth $2,029,299. Insiders own 2.68% of the company’s stock.

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.