Overbrook Management Corp Raises Stake in Intuit Inc. $INTU

Overbrook Management Corp increased its stake in Intuit Inc. (NASDAQ:INTU) by 10.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 24,411 shares of the software maker’s stock after buying an additional 2,277 shares during the period. Intuit accounts for approximately 3.6% of Overbrook Management Corp’s portfolio, making the stock its 11th largest position. Overbrook Management Corp’s holdings in Intuit were worth $19,227,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC boosted its position in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Intuit in the first quarter worth approximately $37,000. Activest Wealth Management boosted its position in shares of Intuit by 3,050.0% in the first quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock worth $39,000 after acquiring an additional 61 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Intuit in the first quarter worth approximately $37,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Up 0.8%

NASDAQ INTU opened at $698.26 on Monday. The company’s fifty day simple moving average is $710.05 and its 200-day simple moving average is $689.85. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. 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 stock has a market cap of $194.67 billion, a P/E ratio of 50.82, a PEG ratio of 2.69 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the company posted $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 predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. 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 dividend yield of 0.7%. Intuit’s dividend payout ratio is presently 30.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Citigroup dropped their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets increased their price objective 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. KeyCorp dropped their price objective 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. Finally, Stifel Nicolaus dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $791.82.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares of the company’s stock, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,141 shares of company stock valued at $6,195,865. 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.