Novem Group Buys 20 Shares of Intuit Inc. $INTU

Novem Group increased its stake in Intuit Inc. (NASDAQ:INTU) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 829 shares of the software maker’s stock after purchasing an additional 20 shares during the quarter. Novem Group’s holdings in Intuit were worth $653,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC raised its position in shares of Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock worth $2,119,000 after buying an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock worth $10,922,000 after buying an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,141 shares of company stock valued at $6,195,865. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Up 0.8%

Shares of INTU opened at $698.26 on Friday. The firm has a market cap of $194.68 billion, a P/E ratio of 50.82, a P/E/G ratio of 2.67 and a beta of 1.26. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock has a 50 day simple moving average of $710.05 and a two-hundred day simple moving average of $688.42. 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 (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.99 EPS. The business’s quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts forecast 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 paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is 34.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INTU shares. Rothschild & Co Redburn boosted their target price on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America dropped their price target on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. KeyCorp lowered their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, UBS Group cut their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

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.