Intuit Inc. $INTU Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,200 shares of the software maker’s stock after acquiring an additional 5,500 shares during the period. Railway Pension Investments Ltd’s holdings in Intuit were worth $22,211,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in INTU. KMG Fiduciary Partners LLC raised its stake in shares of Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Intuit by 3.9% in 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 in the last quarter. Weaver Capital Management LLC raised its stake in shares of Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after purchasing an additional 14 shares in the last quarter. May Hill Capital LLC increased its holdings in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after buying an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists raised its position in shares of 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 acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,836 shares of company stock worth $1,235,203. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Daiwa Capital Markets boosted their price objective on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Rothschild & Co Redburn lifted their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

Intuit Price Performance

INTU stock opened at $633.94 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $176.49 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The firm has a 50 day moving average of $663.60 and a 200-day moving average of $706.82.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (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 analyst estimates of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.8%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

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.