Intuit Inc. $INTU Stock Position Lifted by Brighton Jones LLC

Brighton Jones LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 52.5% in the 3rd quarter, Holdings Channel reports. The fund owned 9,530 shares of the software maker’s stock after buying an additional 3,282 shares during the period. Brighton Jones LLC’s holdings in Intuit were worth $2,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INTU. Fiduciary Financial Advisors bought a new stake in shares of Intuit during the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in Intuit during the 2nd quarter worth approximately $26,000. MidFirst Bank acquired a new position in Intuit during the 2nd quarter worth approximately $28,000. James T. Borello RIA lifted its stake in Intuit by 350.0% in the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after purchasing an additional 84 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Intuit in the 2nd quarter valued at approximately $33,000. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

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

Intuit Stock Performance

NASDAQ INTU opened at $338.23 on Tuesday. The company has a market capitalization of $90.39 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.18 and a beta of 0.91. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27. The stock has a fifty day simple moving average of $318.21 and a 200 day simple moving average of $356.20. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company earned $2.75 EPS. Intuit’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. Sell-side analysts expect that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is presently 33.45%.

Analyst Ratings Changes

Several research analysts have recently issued reports on INTU shares. UBS Group reiterated a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Truist Financial restated a “hold” rating and set a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Barclays lowered their target price on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a report on Wednesday, August 26th. Oppenheimer lowered their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Finally, TD Cowen raised their price objective on shares of Intuit from $346.00 to $350.00 and gave the company a “hold” rating in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $431.68.

About Intuit

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.