Intuit Inc. $INTU Shares Bought by National Pension Service

National Pension Service raised its position in Intuit Inc. (NASDAQ:INTU) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,231 shares of the software maker’s stock after purchasing an additional 55,375 shares during the quarter. National Pension Service’s holdings in Intuit were worth $182,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Betterment LLC increased its position in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC lifted its position in Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares in the last quarter. Quadcap Wealth Management LLC lifted its position in Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after buying an additional 18 shares in the last quarter. Barr E S & Co. grew its stake in Intuit by 1.5% during the fourth quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock worth $1,065,000 after buying an additional 24 shares during the period. Finally, Sandy Cove Advisors LLC grew its stake in Intuit by 6.8% during the fourth quarter. Sandy Cove Advisors LLC now owns 376 shares of the software maker’s stock worth $249,000 after buying an additional 24 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Daiwa Securities Group reduced their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Mizuho dropped their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 17th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Hold” and an average price target of $434.68.

Intuit Stock Performance

Intuit stock opened at $312.77 on Friday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The company has a market capitalization of $85.56 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 0.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The firm’s fifty day moving average price is $320.01 and its 200 day moving average price is $352.29.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts forecast that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is currently 29.09%.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,760 shares of company stock valued at $561,683 in the last three months. 2.49% of the stock is currently owned by company insiders.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.