Intuit Inc. $INTU Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Intuit Inc. (NASDAQ:INTU) by 140.1% in the second quarter, HoldingsChannel.com reports. The firm owned 95,367 shares of the software maker’s stock after purchasing an additional 55,645 shares during the quarter. Quantinno Capital Management LP’s holdings in Intuit were worth $75,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. grew its holdings in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Dogwood Wealth Management LLC raised its position in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in Intuit in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its position in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup dropped their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Barclays cut 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. Wells Fargo & Company decreased their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Finally, Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average price target of $798.20.

Intuit Stock Performance

Shares of INTU opened at $676.01 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $188.11 billion, a PE ratio of 46.21, a PEG ratio of 2.71 and a beta of 1.27. The company’s 50 day moving average price is $657.12 and its 200 day moving average price is $705.59.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The firm 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%.The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. 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 currently 32.81%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $653.42, for a total value of $217,588.86. Following the transaction, the director owned 14,142 shares in the company, valued at $9,240,665.64. This trade represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 269,466 shares of company stock worth $176,407,397. 2.49% of the stock is owned by corporate insiders.

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.