Dividend Assets Capital LLC Raises Position in Intuit Inc. $INTU

Dividend Assets Capital LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 22.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,101 shares of the software maker’s stock after buying an additional 2,736 shares during the quarter. Intuit comprises 1.3% of Dividend Assets Capital LLC’s portfolio, making the stock its 28th largest position. Dividend Assets Capital LLC’s holdings in Intuit were worth $6,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Intuit by 145.6% during the fourth 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 period. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the first quarter valued at approximately $785,564,000. Sivia Capital Partners LLC raised its stake in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the period. Finally, Florida Financial Advisors LLC lifted its position in shares of Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after purchasing an additional 51 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

INTU stock opened at $275.35 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $325.83 and a 200-day simple moving average of $432.20. The company has a market capitalization of $75.32 billion, a P/E ratio of 16.68, a PEG ratio of 1.01 and a beta of 1.00. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the prior year, the company posted $11.65 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts predict that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

INTU has been the subject of several analyst reports. Mizuho decreased their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Northcoast Research dropped their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. UBS Group cut their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Oppenheimer decreased their price objective on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Daiwa Securities Group lowered their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Twenty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $498.40.

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,239 shares of company stock worth $348,354 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.