Gilbert & Cook Inc. Acquires New Stake in Intuit Inc. $INTU

Gilbert & Cook Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 583 shares of the software maker’s stock, valued at approximately $459,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TIAA Trust National Association raised its position in shares of Intuit by 260.9% in the second quarter. TIAA Trust National Association now owns 47,863 shares of the software maker’s stock valued at $37,698,000 after buying an additional 34,602 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Intuit in the 2nd quarter worth approximately $1,733,000. Versor Investments LP grew its stake in Intuit by 125.6% in the 2nd quarter. Versor Investments LP now owns 2,003 shares of the software maker’s stock worth $1,578,000 after acquiring an additional 1,115 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Intuit by 98.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,193 shares of the software maker’s stock valued at $2,515,000 after acquiring an additional 1,586 shares during the last quarter. Finally, Welch & Forbes LLC lifted its stake in shares of Intuit by 10.2% during the 2nd 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. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on INTU. JPMorgan Chase & Co. dropped 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. Oppenheimer lifted their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Morgan Stanley cut their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were 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. The trade was a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Intuit Trading Up 1.7%

NASDAQ:INTU opened at $667.55 on Monday. The business’s 50-day moving average is $669.06 and its two-hundred day moving average is $703.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market capitalization of $186.12 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. 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. Research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. 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 was Thursday, October 9th. Intuit’s payout ratio is 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.