1,736 Shares of Intuit Inc. $INTU Bought by PFW Advisors LLC

PFW Advisors LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,736 shares of the software maker’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Intuit in the 2nd quarter worth approximately $6,851,859,000. Arrowstreet Capital Limited Partnership grew its position in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after acquiring an additional 1,972,719 shares during the last quarter. Nuveen LLC grew its position in Intuit by 20.5% during the 4th quarter. Nuveen LLC now owns 2,465,130 shares of the software maker’s stock worth $1,632,951,000 after acquiring an additional 419,941 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Intuit by 14.5% during the 4th quarter. Janus Henderson Group PLC now owns 2,018,738 shares of the software maker’s stock valued at $1,337,257,000 after purchasing an additional 256,400 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTU has been the topic of a number of recent analyst reports. KeyCorp set a $400.00 price objective on Intuit in a research note on Wednesday, August 26th. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Truist Financial reiterated a “hold” rating and set a $300.00 price target on shares of Intuit in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $385.00 price objective on shares of Intuit in a research report on Friday, October 2nd. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $431.55.

Intuit Trading Up 2.1%

Shares of NASDAQ INTU traded up $5.97 during midday trading on Wednesday, hitting $295.78. The stock had a trading volume of 1,715,178 shares, compared to its average volume of 4,273,057. The firm has a market cap of $79.04 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $689.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company’s 50-day simple moving average is $323.25 and its 200 day simple moving average is $335.16.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for 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 firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 earnings per share. 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 anticipate that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Intuit’s payout ratio is 33.45%.

Insider Activity

In related news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the firm’s 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 completion of the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

Intuit Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.