Intuit Inc. $INTU Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 91.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,030 shares of the software maker’s stock after purchasing an additional 1,446 shares during the period. Pallas Capital Advisors LLC’s holdings in Intuit were worth $2,069,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also 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 valued at $25,000 after acquiring an additional 27 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC raised its stake 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 last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Intuit during the second quarter worth $32,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $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 available through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 388,464 shares of company stock worth $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Up 0.4%

Shares of Intuit stock opened at $399.40 on Tuesday. The company has a 50-day moving average of $577.22 and a two-hundred day moving average of $640.09. Intuit Inc. has a 12-month low of $389.32 and a 12-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 stock has a market cap of $111.14 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $2.50 EPS. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Truist Financial initiated coverage on shares of Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. Daiwa Securities Group lifted their price objective on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Finally, KeyCorp cut their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Twenty-two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $772.42.

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.