Callahan Advisors LLC Acquires Shares of 10,121 Intuit Inc. $INTU

Callahan Advisors LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,121 shares of the software maker’s stock, valued at approximately $6,704,000.

Several other institutional investors and hedge funds have also modified their holdings of INTU. Joseph Group Capital Management acquired a new position in shares of Intuit in the fourth quarter valued at about $25,000. MTM Investment Management LLC grew its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit in the third quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after acquiring an additional 19 shares in the last quarter. Finally, Steph & Co. grew its stake in shares of Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected fiscal Q3 results, with earnings and revenue topping estimates, and management raised both full-year revenue and profit guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The company also authorized an $8 billion share repurchase plan and increased its quarterly dividend, signaling confidence in cash flow and capital returns. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Management said it is expanding AI capabilities across products such as QuickBooks, which could support longer-term efficiency and growth if execution stays on track. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, creating restructuring charges of about $300 million to $340 million and raising concerns about disruption. Intuit boosts annual forecasts, to cut 17% of global staff
• Negative Sentiment: Investors also reacted to a lower annual TurboTax revenue outlook, which fed worries that AI-driven changes could pressure the company’s core tax business. Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTU shares. BMO Capital Markets cut their price objective on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Oppenheimer cut their price objective on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Citigroup cut their price objective on shares of Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Daiwa Securities Group cut their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Erste Group Bank raised shares of Intuit to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $634.26.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $383.93 on Thursday. The company has a market cap of $106.18 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $408.90 and a 200 day simple moving average of $514.39. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts predict that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is 31.09%.

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.