Intuit Inc. $INTU Stock: True Freedom Investing LLC Boosts Stake

True Freedom Investing LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 60.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,901 shares of the software maker’s stock after buying an additional 4,097 shares during the quarter. True Freedom Investing LLC’s holdings in Intuit were worth $3,005,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTU. BlackRock Inc. bought a new position in shares of Intuit during the 2nd quarter worth approximately $6,851,859,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intuit by 6.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock worth $870,260,000 after purchasing an additional 215,814 shares in the last quarter. Unisphere Establishment lifted its position in shares of Intuit by 6.5% in the first quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock worth $782,608,000 after purchasing an additional 110,000 shares in the last quarter. Finally, Amundi boosted its holdings in Intuit by 44.9% during the first quarter. Amundi now owns 1,563,158 shares of the software maker’s stock worth $675,878,000 after purchasing an additional 484,602 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $341.09 on Monday. The firm has a market cap of $91.15 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The business’s 50 day moving average is $319.38 and its 200-day moving average is $362.39. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company posted $2.75 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. 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 predict that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Insider Activity

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial reaffirmed a “hold” rating and issued a $300.00 target price on shares of Intuit in a research report on Friday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research report on Friday, October 2nd. Jefferies Financial Group decreased their price objective on shares of Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Susquehanna dropped their price objective on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research report on Wednesday, August 26th. Finally, Piper Sandler raised their target price on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $431.55.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.