Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Grows Stake in Intuit Inc. $INTU

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Intuit Inc. (NASDAQ:INTU) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 942,707 shares of the software maker’s stock after purchasing an additional 15,287 shares during the period. Intuit accounts for approximately 5.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 4th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intuit were worth $624,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. MTM Investment Management LLC boosted its stake in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the 3rd quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its position in Intuit by 70.0% during the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock worth $35,000 after purchasing an additional 21 shares during the period. TruNorth Capital Management LLC acquired a new position in Intuit during the third quarter valued at approximately $36,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position 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 purchasing an additional 19 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Up 0.9%

Shares of Intuit stock opened at $408.68 on Thursday. The firm has a market capitalization of $113.02 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21. 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 company’s fifty day moving average price is $414.72 and its two-hundred day moving average price is $549.53. Intuit Inc. has a 52-week low of $342.11 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm earned $3.32 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts expect that Intuit Inc. will post 17.44 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s payout ratio is presently 31.09%.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on INTU. JPMorgan Chase & Co. decreased their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Barclays reissued an “overweight” rating and set a $540.00 target price on shares of Intuit in a research report on Monday, March 16th. BNP Paribas Exane raised Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price target on the stock in a research report on Monday, March 16th. The Goldman Sachs Group cut their price objective on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Daiwa Securities Group decreased their target price on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $636.10.

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.