Bessemer Group Inc. Increases Position in Intuit Inc. $INTU

Bessemer Group Inc. lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,323 shares of the software maker’s stock after buying an additional 289 shares during the period. Bessemer Group Inc.’s holdings in Intuit were worth $8,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTU. KMG Fiduciary Partners LLC raised its stake in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its position in Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the period. Weaver Capital Management LLC raised its position in Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after acquiring an additional 14 shares during the period. Peloton Wealth Strategists boosted its stake in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after acquiring an additional 15 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. This represents a 47.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was 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. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last three months. 2.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Rothschild & Co Redburn boosted their target price on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. 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. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Stifel Nicolaus dropped their price target on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Trading Down 0.7%

NASDAQ:INTU opened at $678.93 on Wednesday. The company has a market cap of $189.29 billion, a P/E ratio of 49.41, a P/E/G ratio of 2.64 and a beta of 1.25. The stock’s fifty day moving average price is $670.66 and its two-hundred day moving average price is $701.09. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. 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 (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is currently 34.93%.

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.