Oxbow Advisors LLC Makes New Investment in Intuit Inc. $INTU

Oxbow Advisors LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,658 shares of the software maker’s stock, valued at approximately $5,913,000.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after purchasing an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Intuit in the second quarter worth $1,733,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Intuit by 19.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after buying an additional 4,913 shares during the period. Liberty One Investment Management LLC grew its holdings in shares of Intuit by 31.8% during the third quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock valued at $6,580,000 after buying an additional 2,326 shares during the last quarter. Finally, denkapparat Operations GmbH acquired a new position in shares of Intuit in the 2nd quarter valued at $830,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock traded up $16.28 during trading hours on Friday, reaching $563.97. The stock had a trading volume of 3,272,936 shares, compared to its average volume of 2,106,993. Intuit Inc. has a twelve month low of $520.69 and a twelve month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $156.94 billion, a PE ratio of 38.55, a PEG ratio of 2.24 and a beta of 1.25. The stock’s 50 day moving average is $637.23 and its 200 day moving average is $676.53.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. KeyCorp cut their price objective on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group began coverage on shares of Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. TD Cowen assumed coverage on shares of Intuit in a report on Thursday, January 8th. They set a “buy” rating and a $802.00 target price for the company. UBS Group set a $739.00 price target on shares of Intuit in a report on Tuesday, January 6th. Finally, Wolfe Research reduced their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last ninety days. 2.49% of the stock is owned by company insiders.

About Intuit

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.