Intuit Inc. $INTU Holdings Lifted by Optas LLC

Optas LLC increased its holdings in Intuit Inc. (NASDAQ:INTU) by 90.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,108 shares of the software maker’s stock after acquiring an additional 1,954 shares during the period. Optas LLC’s holdings in Intuit were worth $1,776,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC boosted its stake in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC grew its holdings in shares of Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after acquiring an additional 51 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTU. Jefferies Financial Group dropped their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Oppenheimer dropped their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $498.40.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Up 3.1%

Shares of NASDAQ:INTU opened at $275.35 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $75.32 billion, a PE ratio of 16.68, a P/E/G ratio of 0.98 and a beta of 1.00. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. The firm has a fifty day moving average price of $328.50 and a 200 day moving average price of $434.87.

Intuit (NASDAQ:INTU) last posted 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. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the company earned $11.65 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts expect that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being highlighted as one of the best SaaS stocks to buy, with 76% of analysts rating it a Buy and a consensus price target well above the current share price. Is Intuit (INTU) One of the Best SaaS Stocks to Buy According to Reddit?
• Positive Sentiment: Zacks described Intuit as a top-ranked growth stock, which may be encouraging growth-oriented investors to rotate into the shares. Intuit (INTU) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: For broader context, Intuit recently reported solid quarterly results with earnings and revenue slightly ahead of expectations, which continues to support the bullish thesis.
• Negative Sentiment: Investors are also watching a securities-fraud investigation tied to pricing issues, which could keep sentiment cautious and limit further upside. INTU Investigation Notification: Intuit is being Investigated for Securities Fraud Following Pricing Issues

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.