Tema Etfs LLC Boosts Position in Intuit Inc. $INTU

Tema Etfs LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 38.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,765 shares of the software maker’s stock after acquiring an additional 1,045 shares during the quarter. Tema Etfs LLC’s holdings in Intuit were worth $2,965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Vanguard Group Inc. boosted its holdings in Intuit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position 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 valued at $5,537,435,000 after buying an additional 649,212 shares during the period. Geode Capital Management LLC raised its position in shares of Intuit by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after buying an additional 115,721 shares during the period. Wellington Management Group LLP lifted its holdings in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. Finally, Norges Bank purchased a new position in Intuit in the second quarter worth approximately $3,268,830,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

INTU stock opened at $663.08 on Friday. The business’s fifty day moving average price is $659.39 and its 200 day moving average price is $706.04. 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 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $184.52 billion, a PE ratio of 45.32, a P/E/G ratio of 2.65 and a beta of 1.27.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the business posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio is 32.81%.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on 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 transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,836 shares of company stock worth $1,235,203. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTU shares. JPMorgan Chase & Co. cut their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Friday, November 21st. 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 report on Wednesday, November 26th. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Morgan Stanley lowered their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

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.