Rathbones Group PLC Has $247.08 Million Stock Holdings in Intuit Inc. $INTU

Rathbones Group PLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,703 shares of the software maker’s stock after purchasing an additional 12,429 shares during the period. Intuit accounts for about 1.1% of Rathbones Group PLC’s portfolio, making the stock its 23rd biggest position. Rathbones Group PLC’s holdings in Intuit were worth $247,082,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INTU. Invesco Ltd. boosted its position in shares of 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 purchasing an additional 36,513 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Intuit during the 2nd quarter worth approximately $1,733,000. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after acquiring an additional 442 shares in the last quarter. Finally, Vident Advisory LLC grew its stake 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 acquiring an additional 8,510 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 0.7%

Shares of INTU stock opened at $648.85 on Friday. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a 50-day simple moving average of $668.65 and a two-hundred day simple moving average of $705.20. The company has a market capitalization of $180.90 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 EPS. The company’s quarterly revenue 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 anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTU. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup reduced their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Bank of America lowered their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling at Intuit

In other Intuit 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 completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last quarter. 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.