Intuit Inc. $INTU Shares Purchased by Brookstone Capital Management

Brookstone Capital Management lifted its position in Intuit Inc. (NASDAQ:INTU) by 45.8% in the first quarter, HoldingsChannel reports. The firm owned 32,135 shares of the software maker’s stock after buying an additional 10,089 shares during the period. Brookstone Capital Management’s holdings in Intuit were worth $13,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new position in Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Intuit during the 4th quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on INTU shares. UBS Group decreased their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Stifel Nicolaus reissued a “hold” rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Scotiabank set a $575.00 price target on Intuit in a research note on Friday, March 6th. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Finally, Susquehanna cut their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research report on Friday, May 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $511.35.

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total value of $80,144.80. Following the transaction, the director directly owned 12,042 shares of the company’s stock, valued at approximately $3,398,252.40. This represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 955 shares of company stock valued at $273,855 over the last ninety days. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU opened at $257.77 on Tuesday. The company has a market cap of $70.51 billion, a P/E ratio of 15.61, a PEG ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70. The firm’s 50 day moving average price is $347.59 and its 200 day moving average price is $457.36.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Intuit Company 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.