Aware Super Pty Ltd as trustee of Aware Super Purchases 27,834 Shares of Intuit Inc. $INTU

Aware Super Pty Ltd as trustee of Aware Super increased its position in Intuit Inc. (NASDAQ:INTU) by 88.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 59,454 shares of the software maker’s stock after buying an additional 27,834 shares during the quarter. Intuit comprises 0.7% of Aware Super Pty Ltd as trustee of Aware Super’s holdings, making the stock its 29th largest position. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Intuit were worth $46,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Intuit by 4.7% in the first 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 during the last quarter. Vident Advisory LLC lifted its position in Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after purchasing an additional 8,510 shares during the last quarter. Circle Wealth Management LLC lifted its position in Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after purchasing an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock valued at $10,922,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 over the last ninety days. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. UBS Group decreased their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Rothschild & Co Redburn upped their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Finally, Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Price Performance

Shares of Intuit stock opened at $652.69 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $181.97 billion, a PE ratio of 47.50, a P/E/G ratio of 2.54 and a beta of 1.25. The business has a 50 day moving average of $679.57 and a 200 day moving average of $694.05. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.99 earnings per share. 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 forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. 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. This represents a $4.80 annualized dividend and a yield of 0.7%. 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.