Quent Capital LLC raised its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,206 shares of the software maker’s stock after acquiring an additional 83 shares during the period. Quent Capital LLC’s holdings in Intuit were worth $1,737,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. KMG Fiduciary Partners LLC raised its stake in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its stake in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares during the period. Peloton Wealth Strategists raised its stake in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after purchasing an additional 15 shares during the period. Moody Lynn & Lieberson LLC raised its stake in Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after purchasing an additional 15 shares during the period. Finally, Decatur Capital Management Inc. raised its stake in Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock valued at $3,069,000 after purchasing an additional 16 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Intuit
In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated 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 transaction, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,785 shares of company stock worth $2,029,299. 2.68% of the stock is currently owned by company insiders.
Intuit Stock Down 0.3%
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.
Intuit Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. 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. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 30.28%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. CLSA assumed coverage on shares of Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target on the stock. BMO Capital Markets boosted their price target on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.
Get Our Latest Analysis on INTU
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.
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