Intuit Inc. $INTU Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 30.1% in the third quarter, Holdings Channel reports. The firm owned 27,176 shares of the software maker’s stock after purchasing an additional 6,293 shares during the period. Running Oak Capital LLC’s holdings in Intuit were worth $7,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new position in Intuit during the second quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new stake in Intuit during the second quarter worth approximately $26,000. MidFirst Bank acquired a new stake in shares of Intuit in the second quarter worth $28,000. James T. Borello RIA increased its position in shares of Intuit by 350.0% in the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after acquiring an additional 84 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. raised its stake in shares of Intuit by 900.0% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 120 shares of the software maker’s stock valued at $33,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Oppenheimer reduced their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Jefferies Financial Group lowered their price target on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. JPMorgan Chase & Co. lowered Intuit from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Morgan Stanley reduced their price objective on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 26th. Finally, TD Cowen boosted their price objective on Intuit from $346.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $431.68.

Intuit Stock Performance

NASDAQ:INTU opened at $338.23 on Tuesday. The stock has a market cap of $90.39 billion, a P/E ratio of 20.50, a PEG ratio of 1.18 and a beta of 0.91. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. 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 firm has a 50-day moving average of $318.21 and a two-hundred day moving average of $356.20.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 EPS. 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, research analysts expect that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Insider Transactions at Intuit

In other news, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company’s stock.

Intuit Profile

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.