Intuit Inc. $INTU Stock Acquired by Monte Financial Group LLC

Monte Financial Group LLC lifted its stake in Intuit Inc. (NASDAQ:INTU) by 27.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,379 shares of the software maker’s stock after buying an additional 4,403 shares during the quarter. Intuit makes up 1.9% of Monte Financial Group LLC’s holdings, making the stock its 25th largest position. Monte Financial Group LLC’s holdings in Intuit were worth $5,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Kestra Advisory Services LLC increased its holdings in shares of Intuit by 23.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,463 shares of the software maker’s stock valued at $3,160,000 after purchasing an additional 2,166 shares in the last quarter. Inscription Capital LLC lifted its stake in shares of Intuit by 12.9% in the 3rd quarter. Inscription Capital LLC now owns 2,959 shares of the software maker’s stock valued at $816,000 after purchasing an additional 339 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Intuit by 35.5% during the third quarter. Commonwealth Equity Services LLC now owns 37,378 shares of the software maker’s stock worth $10,306,000 after buying an additional 9,798 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Intuit by 3.6% during the third quarter. Chicago Partners Investment Group LLC now owns 13,261 shares of the software maker’s stock worth $4,554,000 after buying an additional 464 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Intuit by 22.6% during the third quarter. Covestor Ltd now owns 515 shares of the software maker’s stock worth $142,000 after buying an additional 95 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the firm’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 transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group dropped their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Sunday, August 23rd. Barclays decreased their price objective on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Stifel Nicolaus reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Evercore reissued an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Finally, Morgan Stanley dropped their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $431.55.

Intuit Trading Down 0.5%

Shares of INTU stock opened at $354.84 on Friday. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. The company has a market cap of $94.83 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.18 and a beta of 0.91. 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 stock has a 50 day simple moving average of $318.74 and a 200-day simple moving average of $358.07.

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 analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

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

About Intuit

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.