Abacus Planning Group Inc. Has $2.26 Million Holdings in Intuit Inc. $INTU

Abacus Planning Group Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,867 shares of the software maker’s stock after buying an additional 40 shares during the period. Abacus Planning Group Inc.’s holdings in Intuit were worth $2,258,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INTU. Nuveen LLC bought a new stake in shares of Intuit in the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the first quarter worth $785,564,000. Price T Rowe Associates Inc. MD grew its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after purchasing an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $681.86 on Friday. The firm’s 50-day moving average price is $703.07 and its 200-day moving average price is $690.94. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a market capitalization of $190.11 billion, a P/E ratio of 49.63, a P/E/G ratio of 2.62 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating 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 analyst estimates of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. The business’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. Equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,785 shares of company stock worth $2,029,299 over the last three months. 2.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on INTU. Stifel Nicolaus reduced their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets boosted their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Finally, Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.