Intuit Inc. $INTU Stock: Machina Capital S.A.S. Grows Stake

Machina Capital S.A.S. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 69.9% in the third quarter, HoldingsChannel reports. The fund owned 18,138 shares of the software maker’s stock after purchasing an additional 7,464 shares during the quarter. Intuit makes up 0.7% of Machina Capital S.A.S.’s holdings, making the stock its 26th largest holding. Machina Capital S.A.S.’s holdings in Intuit were worth $5,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Financial Advisors acquired a new position in shares of Intuit during the second quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new stake in Intuit during the second quarter worth approximately $26,000. MidFirst Bank bought a new stake in Intuit during the second quarter worth approximately $28,000. James T. Borello RIA raised its holdings in Intuit by 350.0% during the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after purchasing an additional 84 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Intuit in the second quarter worth approximately $33,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Up 0.6%

INTU stock opened at $342.64 on Thursday. The firm has a market cap of $91.57 billion, a PE ratio of 20.77, a P/E/G ratio of 1.12 and a beta of 0.91. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $317.79 and a 200 day simple moving average of $354.06.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 33.45%.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on INTU shares. Evercore reaffirmed an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Barclays lowered their price target on Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $385.00 price objective on shares of Intuit in a research note on Friday, October 2nd. BMO Capital Markets restated an “outperform” rating on shares of Intuit in a report on Monday, September 21st. Finally, Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $431.68.

About Intuit

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.