Thrivent Financial for Lutherans Boosts Holdings in Intuit Inc. $INTU

Thrivent Financial for Lutherans lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 81.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,487 shares of the software maker’s stock after buying an additional 11,455 shares during the period. Thrivent Financial for Lutherans’ holdings in Intuit were worth $20,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTU. Citigroup reduced their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reissued an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Finally, Wolfe Research decreased their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit Stock Up 2.3%

Shares of NASDAQ INTU opened at $669.35 on Wednesday. The stock has a market cap of $186.26 billion, a P/E ratio of 45.75, a PEG ratio of 2.68 and a beta of 1.27. The business’s fifty day simple moving average is $656.86 and its 200-day simple moving average is $703.27. 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.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Buying and Selling

In related news, 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 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 legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 269,799 shares of company stock worth $176,627,160 in the last quarter. 2.49% of the stock is owned by insiders.

Intuit Company 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.