Kornitzer Capital Management Inc. KS Acquires 56 Shares of Intuit Inc. $INTU

Kornitzer Capital Management Inc. KS raised its holdings in Intuit Inc. (NASDAQ:INTU) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,983 shares of the software maker’s stock after buying an additional 56 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Intuit were worth $3,137,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of INTU. Nuveen LLC bought a new position in Intuit in the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the 1st quarter valued at $785,564,000. Price T Rowe Associates Inc. MD grew its position in Intuit by 7.8% in 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 acquiring an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Intuit by 55.5% in 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 acquiring an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Intuit by 6.8% in 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 acquiring an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $683.09 on Friday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock’s 50-day moving average is $671.78 and its 200 day moving average is $699.05. The company has a market cap of $190.45 billion, a P/E ratio of 49.72, a PEG ratio of 2.64 and a beta of 1.25. 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 issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is 34.93%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by insiders.

Analyst Ratings Changes

INTU has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Rothschild & Co Redburn increased their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $791.82.

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.