Intuit Inc. $INTU Shares Purchased by Sather Financial Group Inc

Sather Financial Group Inc increased its position in Intuit Inc. (NASDAQ:INTU) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,992 shares of the software maker’s stock after acquiring an additional 2,777 shares during the period. Intuit makes up about 1.7% of Sather Financial Group Inc’s portfolio, making the stock its 22nd biggest holding. Sather Financial Group Inc’s holdings in Intuit were worth $27,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. lifted its holdings in shares of Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp increased its holdings in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc raised its position in Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Intuit by 13.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Intuit stock traded up $10.15 during mid-day trading on Tuesday, hitting $282.29. The company had a trading volume of 1,371,818 shares, compared to its average volume of 4,450,278. The company has a market capitalization of $77.22 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.01 and a beta of 1.00. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The company’s fifty day moving average is $325.83 and its 200-day moving average is $432.20. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the firm earned $11.65 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit Inc. will post 18.19 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s payout ratio is presently 29.07%.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% 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. In the last quarter, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on INTU shares. Barclays dropped their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Mizuho decreased their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Truist Financial lowered their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Royal Bank Of Canada cut their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $498.40.

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.