Permanens Capital L.P. Invests $813,000 in Intuit Inc. $INTU

Permanens Capital L.P. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, Holdings Channel reports. The firm purchased 3,116 shares of the software maker’s stock, valued at approximately $813,000.

Several other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY purchased a new stake in Intuit during the 2nd quarter valued at $130,000. Bank of America Corp DE purchased a new position in shares of Intuit in the second quarter valued at about $589,841,000. Caisse de depot et placement du Quebec bought a new position in shares of Intuit during the second quarter valued at about $112,370,000. Western Wealth Management LLC purchased a new stake in shares of Intuit during the second quarter worth about $657,000. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in shares of Intuit during the second quarter worth about $637,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of roughly $3.58-$3.59. Credit Karma revenue rose 16%, while Global Business Solutions revenue increased 14%. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, payable October 16, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026. Intuit Board Declares New Quarterly Cash Dividend

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on INTU shares. BMO Capital Markets restated an “outperform” rating on shares of Intuit in a report on Wednesday. Truist Financial cut their price objective on Intuit from $350.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday. Stifel Nicolaus set a $300.00 target price on Intuit in a research note on Wednesday. Mizuho reduced their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Finally, Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $434.35.

Intuit Price Performance

INTU stock opened at $345.88 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The firm has a 50-day moving average of $303.91 and a 200 day moving average of $357.37. The company has a market cap of $94.61 billion, a P/E ratio of 20.96, a PEG ratio of 1.12 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.75% and a net margin of 21.29%.The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $2.75 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 21.06 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director directly 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 at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 in the last 90 days. Insiders own 2.49% of the company’s stock.

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.