1832 Asset Management L.P. Raises Stock Position in Intuit Inc. $INTU

1832 Asset Management L.P. boosted its stake in Intuit Inc. (NASDAQ:INTU) by 31.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,727 shares of the software maker’s stock after purchasing an additional 4,701 shares during the period. 1832 Asset Management L.P.’s holdings in Intuit were worth $15,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the 1st quarter worth approximately $785,564,000. Intrust Bank NA boosted its holdings in shares of Intuit by 12.6% in the first quarter. Intrust Bank NA now owns 1,848 shares of the software maker’s stock worth $1,135,000 after buying an additional 207 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in Intuit by 6.6% during the first quarter. Exencial Wealth Advisors LLC now owns 871 shares of the software maker’s stock valued at $535,000 after buying an additional 54 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

INTU opened at $663.08 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $184.52 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 2.65 and a beta of 1.27. The company has a fifty day moving average of $659.39 and a 200 day moving average of $706.04. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on INTU shares. Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets decreased their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Citigroup reduced their price target on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, UBS Group lowered their price objective on Intuit from $750.00 to $725.00 and set a “neutral” 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-two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction 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 owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,836 shares of company stock worth $1,235,203. Corporate insiders own 2.49% of the company’s stock.

Intuit Company 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.