Intuit Inc. $INTU Stock: Machina Capital S.A.S. Raises Holdings

Machina Capital S.A.S. raised its stake in Intuit Inc. (NASDAQ:INTU) by 69.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,138 shares of the software maker’s stock after acquiring an additional 7,464 shares during the period. Intuit accounts for about 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 26th biggest holding. Machina Capital S.A.S.’s holdings in Intuit were worth $5,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $6,851,859,000. Arrowstreet Capital Limited Partnership boosted its position in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after purchasing an additional 215,814 shares during the period. Unisphere Establishment boosted its position in Intuit by 6.5% during the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock valued at $782,608,000 after purchasing an additional 110,000 shares during the period. Finally, Amundi grew its stake in Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock worth $675,878,000 after buying an additional 484,602 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Wells Fargo & Company cut their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 26th. Stifel Nicolaus reissued a “hold” rating and set a $300.00 price target on shares of Intuit in a report on Friday, September 18th. Barclays lowered their price target on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Finally, Truist Financial restated a “hold” rating and set a $300.00 price target on shares of Intuit in a research report on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $431.68.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by insiders.

Intuit Stock Performance

INTU opened at $342.64 on Thursday. The business’s 50 day moving average is $317.79 and its 200-day moving average is $354.06. The stock has a market cap of $91.57 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts predict that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.