Intuit Inc. $INTU Stock Position Boosted by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 301.2% during the third quarter, Holdings Channel.com reports. The fund owned 7,887 shares of the software maker’s stock after purchasing an additional 5,921 shares during the period. Pittenger & Anderson Inc.’s holdings in Intuit were worth $5,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the 2nd quarter worth $28,000. True Wealth Design LLC boosted its position in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new stake in Intuit during the 2nd quarter worth about $32,000. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $502.98 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $139.96 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The firm has a fifty day moving average price of $628.53 and a two-hundred day moving average price of $670.30. Intuit Inc. has a fifty-two week low of $491.72 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s payout ratio is currently 32.81%.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent analyst reports. Evercore ISI restated an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Truist Financial initiated coverage on shares of Intuit in a research note on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. The Goldman Sachs Group assumed coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price on the stock. Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, Daiwa Capital Markets boosted their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

Read Our Latest Stock Analysis on Intuit

Key Headlines Impacting Intuit

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Intuit Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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