Optas LLC Increases Holdings in Intuit Inc. $INTU

Optas LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 17.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,003 shares of the software maker’s stock after acquiring an additional 304 shares during the quarter. Optas LLC’s holdings in Intuit were worth $1,578,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. KMG Fiduciary Partners LLC increased its holdings in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. increased its holdings in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after purchasing an additional 14 shares during the period. Peloton Wealth Strategists increased its holdings in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares during the period. Moody Lynn & Lieberson LLC increased its holdings in Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after purchasing an additional 15 shares during the period. Finally, Northern Financial Advisors Inc boosted its position in shares of Intuit by 1.3% during the 2nd quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock worth $952,000 after acquiring an additional 15 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred 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 directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the 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 transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Rothschild & Co Redburn upped their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price objective for the company. Finally, Bank of America decreased their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. One equities 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Stock Down 0.0%

Intuit stock opened at $657.80 on Thursday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a 50 day moving average of $692.42 and a two-hundred day moving average of $692.73. 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 stock has a market capitalization of $183.40 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.54 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the firm earned $1.99 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. 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, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) 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.