Intuit Inc. $INTU Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 27.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,908 shares of the software maker’s stock after purchasing an additional 4,041 shares during the quarter. Vise Technologies Inc.’s holdings in Intuit were worth $5,213,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC purchased a new position in Intuit in the 2nd quarter worth $1,643,000. J. Safra Sarasin Holding AG grew its stake in Intuit by 831.4% during the 1st quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock valued at $11,817,000 after purchasing an additional 24,402 shares during the last quarter. Cygnus Capital Advisors LLC purchased a new stake in Intuit during the 2nd quarter valued at about $4,706,000. The Manufacturers Life Insurance Company purchased a new stake in Intuit during the 2nd quarter valued at about $179,663,000. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Intuit by 24.8% in the third quarter. Douglas Lane & Associates LLC now owns 130,877 shares of the software maker’s stock valued at $36,084,000 after purchasing an additional 26,030 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company’s stock.

Intuit Price Performance

NASDAQ:INTU opened at $344.72 on Wednesday. The firm’s fifty day moving average is $318.58 and its two-hundred day moving average is $360.01. The firm has a market cap of $92.12 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit Inc. has a one year low of $252.84 and a one year high of $682.27.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts expect that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 33.45%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTU. Truist Financial restated a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. KeyCorp set a $400.00 target price on Intuit in a report on Wednesday, August 26th. Susquehanna dropped their target price on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research report on Wednesday, August 26th. Citigroup cut their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Morgan Stanley reduced their price target on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $431.55.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.