Candriam S.C.A. lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 183.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,507 shares of the software maker’s stock after acquiring an additional 44,348 shares during the quarter. Candriam S.C.A.’s holdings in Intuit were worth $18,957,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. BlackRock Inc. bought a new stake in Intuit in the second quarter valued at $6,851,859,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock worth $870,260,000 after purchasing an additional 215,814 shares during the period. Unisphere Establishment boosted its stake in shares of Intuit by 6.5% during the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock valued at $782,608,000 after purchasing an additional 110,000 shares in the last quarter. Finally, Amundi boosted its stake in shares of Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after purchasing an additional 484,602 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.
Insider Buying and Selling
In other news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’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 value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.49% of the stock is currently owned by company insiders.
Intuit Stock Performance
Shares of INTU stock opened at $341.50 on Monday. The company’s fifty day moving average price is $318.61 and its 200-day moving average price is $357.13. The stock has a market cap of $91.26 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business earned $2.75 EPS. Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. 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, equities analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.
Intuit Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio is currently 33.45%.
Analysts Set New Price Targets
INTU has been the topic of several research analyst reports. Oppenheimer reduced their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Piper Sandler raised their price objective on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Wednesday, August 26th. Weiss Ratings raised Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Morgan Stanley reduced their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $431.55.
Read Our Latest Stock Analysis on INTU
Intuit Company Profile
Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.
Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.
Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.
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