Alta Capital Management LLC Reduces Holdings in Intuit Inc. $INTU

Alta Capital Management LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 14.5% in the fourth quarter, HoldingsChannel reports. The firm owned 46,681 shares of the software maker’s stock after selling 7,907 shares during the quarter. Intuit makes up 2.1% of Alta Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Alta Capital Management LLC’s holdings in Intuit were worth $30,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NEOS Investment Management LLC raised its position in shares of Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after acquiring an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after acquiring an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC bought a new position in shares of Intuit in the 3rd quarter worth approximately $1,465,000. Crossmark Global Holdings Inc. raised its position in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after acquiring an additional 6,503 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after acquiring an additional 10,661 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 2.6%

Shares of NASDAQ:INTU opened at $403.16 on Tuesday. The stock has a fifty day simple moving average of $412.33 and a two-hundred day simple moving average of $518.12. The stock has a market capitalization of $111.49 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.58 and a beta of 1.04. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the business posted $3.32 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INTU shares. Daiwa Securities Group decreased their target price on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Guggenheim set a $633.00 target price on Intuit in a research report on Monday, March 16th. Erste Group Bank raised Intuit to a “hold” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $670.00 to $700.00 in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.