Intuit Inc. $INTU Position Boosted by Sienna Gestion

Sienna Gestion grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,446 shares of the software maker’s stock after purchasing an additional 2,314 shares during the period. Intuit makes up 1.3% of Sienna Gestion’s portfolio, making the stock its 15th biggest holding. Sienna Gestion’s holdings in Intuit were worth $18,298,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Nuveen LLC bought a new stake in Intuit during the first quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter worth $785,564,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after acquiring an additional 649,212 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Intuit by 55.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after acquiring an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last quarter. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Rothschild & Co Redburn raised their target price on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Finally, Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $791.82.

Intuit Price Performance

NASDAQ INTU opened at $655.33 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $182.71 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a 50 day moving average price of $669.31 and a two-hundred day moving average price of $704.15. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s payout ratio is presently 34.93%.

About Intuit

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.