Sanctuary Advisors LLC Invests $4.15 Million in Intuit Inc. $INTU

Sanctuary Advisors LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,905 shares of the software maker’s stock, valued at approximately $4,151,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTU. Saranac Partners Ltd acquired a new position in Intuit during the second quarter worth about $3,448,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Intuit in the 2nd quarter valued at about $16,192,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Intuit in the 2nd quarter valued at about $684,000. Magellan Asset Management Ltd purchased a new position in Intuit in the 2nd quarter worth approximately $38,671,000. Finally, Globeflex Capital L P purchased a new position in Intuit in the 2nd quarter worth approximately $303,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Northcoast Research dropped their price target on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. KeyCorp reduced their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Susquehanna lowered their price objective on Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research note on Monday, July 20th. Truist Financial reissued a “hold” rating and set a $350.00 price objective (down from $410.00) on shares of Intuit in a research note on Monday, August 3rd. Finally, HSBC dropped their target price on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $449.65.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is owned by company insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Intuit Stock Performance

Intuit stock opened at $357.46 on Wednesday. The firm has a 50 day simple moving average of $302.38 and a 200-day simple moving average of $357.99. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $97.78 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Intuit 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.