Intuit Inc. $INTU Shares Acquired by Mn Services Vermogensbeheer B.V.
by Teresa Graham · The Cerbat GemMn Services Vermogensbeheer B.V. increased its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,505 shares of the software maker’s stock after buying an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Intuit were worth $82,311,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the fourth quarter valued at $28,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC lifted its holdings in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit during the first quarter valued at $37,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Insider Buying and Selling at Intuit
In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares of the company’s stock, valued at approximately $356,760.95. The trade was a 79.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock worth $7,558,613 in the last 90 days. Company insiders own 2.68% of the company’s stock.
Wall Street Analysts Forecast Growth
INTU has been the subject of several analyst reports. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley reduced their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. reduced their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Bank of America reduced their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an “overweight” rating in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $797.62.
Get Our Latest Stock Analysis on INTU
Intuit Stock Performance
Shares of NASDAQ INTU opened at $662.68 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $184.76 billion, a price-to-earnings ratio of 48.23, a P/E/G ratio of 2.51 and a beta of 1.26. The business’s 50-day simple moving average is $718.11 and its 200-day simple moving average is $683.93. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.99 EPS. 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, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.
Intuit Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. 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%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio 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.
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