Intuit Inc. $INTU Shares Bought by World Investment Advisors

World Investment Advisors increased its stake in Intuit Inc. (NASDAQ:INTU) by 103.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,612 shares of the software maker’s stock after buying an additional 2,350 shares during the quarter. World Investment Advisors’ holdings in Intuit were worth $3,150,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter worth $785,564,000. Gamco Investors INC. ET AL boosted its position in Intuit by 2.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 5,829 shares of the software maker’s stock valued at $3,579,000 after buying an additional 154 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Intuit during the first quarter valued at about $340,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Up 0.3%

NASDAQ:INTU opened at $676.55 on Friday. The firm has a market capitalization of $188.27 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $660.01 and a 200-day moving average of $698.90.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is 32.81%.

Analysts Set New Price Targets

A number of research analysts recently commented on INTU shares. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Wells Fargo & Company decreased their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Rothschild & Co Redburn lifted their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 74,095 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the completion of the transaction, the director directly owned 5,819,584 shares of the company’s stock, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,098 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $675.00, for a total transaction of $741,150.00. Following the completion of the transaction, the chief financial officer owned 197 shares of the company’s stock, valued at approximately $132,975. This trade represents a 84.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 270,897 shares of company stock worth $177,368,310 in the last ninety days. 2.49% of the stock is owned by insiders.

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.