Versor Investments LP Acquires 1,115 Shares of Intuit Inc. $INTU

Versor Investments LP lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 125.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,003 shares of the software maker’s stock after purchasing an additional 1,115 shares during the period. Versor Investments LP’s holdings in Intuit were worth $1,578,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Intuit by 98.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,193 shares of the software maker’s stock worth $2,515,000 after purchasing an additional 1,586 shares during the period. Welch & Forbes LLC increased its stake in shares of Intuit by 10.2% in the second quarter. Welch & Forbes LLC now owns 4,864 shares of the software maker’s stock worth $3,831,000 after purchasing an additional 450 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Intuit by 3.7% in the second quarter. GHP Investment Advisors Inc. now owns 17,406 shares of the software maker’s stock worth $13,710,000 after purchasing an additional 614 shares during the period. Plato Investment Management Ltd increased its stake in shares of Intuit by 6.3% in the second quarter. Plato Investment Management Ltd now owns 9,174 shares of the software maker’s stock worth $7,199,000 after purchasing an additional 544 shares during the period. Finally, Aviance Capital Partners LLC bought a new position in shares of Intuit in the second quarter worth about $213,000. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTU. Bank of America dropped their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Morgan Stanley lowered their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets boosted their price target on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was 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 approximately $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 accessible through this link. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Intuit Trading Up 1.7%

INTU stock opened at $667.55 on Friday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a market cap of $186.11 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.53 and a beta of 1.25. The business’s 50 day moving average is $669.06 and its 200-day moving average is $702.52. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $1.99 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 dividend yield of 0.7%. This is an increase 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.