Carderock Capital Management Inc. Has $6.57 Million Stock Position in Intuit Inc. $INTU

Carderock Capital Management Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,696 shares of the software maker’s stock after buying an additional 301 shares during the period. Carderock Capital Management Inc.’s holdings in Intuit were worth $6,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of INTU. Copia Wealth Management acquired a new position in Intuit during the 4th quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the fourth quarter worth about $28,000. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter worth about $31,000. TD Capital Management LLC boosted its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the 1st quarter valued at approximately $37,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $656.26 on Thursday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market cap of $182.97 billion, a P/E ratio of 47.76, a PEG ratio of 2.59 and a beta of 1.26. The company’s 50-day simple moving average is $730.66 and its 200 day simple moving average is $681.80.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company earned $1.99 earnings per share. The company’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. As a group, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 30.28%.

Analyst Ratings Changes

A number of research analysts have recently commented on INTU shares. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Piper Sandler reiterated an “overweight” rating and set a $825.00 target price (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Oppenheimer boosted their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the company a “buy” rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $797.62.

Insider Activity

In other news, CAO Lauren D. Hotz sold 1,738 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares of the company’s stock, valued at approximately $356,760.95. This represents a 79.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,213 shares of company stock valued at $7,115,570. 2.68% of the stock is 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.