3Chopt Investment Partners LLC Purchases 95 Shares of Intuit Inc. $INTU

3Chopt Investment Partners LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 16.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 682 shares of the software maker’s stock after acquiring an additional 95 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Intuit were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Nuveen LLC acquired a new position in Intuit during the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD boosted its stake in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Intuit by 55.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock valued at $646,613,000 after purchasing an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. CLSA initiated coverage on Intuit in a research note on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target for the company. Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday. Finally, Barclays cut their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Price Performance

Intuit stock opened at $644.92 on Friday. 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 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $689.62 and its 200 day simple moving average is $692.95. The company has a market cap of $179.80 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 2.54 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. Intuit’s revenue for the quarter 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. Sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is presently 30.28%.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction 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 of the company’s stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock valued at $1,614,913 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

About Intuit

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.