Panagora Asset Management Inc. Has $94.91 Million Position in Intuit Inc. $INTU

Panagora Asset Management Inc. raised its position in Intuit Inc. (NASDAQ:INTU) by 87.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,501 shares of the software maker’s stock after purchasing an additional 56,073 shares during the period. Panagora Asset Management Inc.’s holdings in Intuit were worth $94,910,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its stake in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Intuit by 161.5% in the second 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. Dogwood Wealth Management LLC raised its position in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC raised its position in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in shares of Intuit during the 2nd quarter valued at about $32,000. 83.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTU. Wolfe Research lowered their target price on Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Finally, Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,836 shares of company stock worth $1,235,203 in the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

Shares of INTU stock opened at $633.94 on Monday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company’s fifty day simple moving average is $663.60 and its 200-day simple moving average is $707.21. The firm has a market cap of $176.49 billion, a PE ratio of 46.14, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. Intuit’s payout ratio is currently 32.81%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.