4,403 Intuit Inc. $INTU Shares Acquired by Monte Financial Group LLC

Monte Financial Group LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,379 shares of the software maker’s stock after purchasing an additional 4,403 shares during the quarter. Intuit makes up 1.9% of Monte Financial Group LLC’s portfolio, making the stock its 25th biggest position. Monte Financial Group LLC’s holdings in Intuit were worth $5,619,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Financial Advisors purchased a new position in Intuit during the second quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new stake in Intuit during the first quarter worth $30,000. Osbon Capital Management LLC purchased a new stake in Intuit during the second quarter worth $26,000. MidFirst Bank bought a new stake in Intuit during the 2nd quarter valued at $28,000. Finally, James T. Borello RIA boosted its position in Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on INTU shares. Morgan Stanley cut their price target on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Barclays decreased their price objective on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. UBS Group reiterated a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Finally, Jefferies Financial Group reduced their target price on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. 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. Based on data from MarketBeat, Intuit has an average rating of “Hold” and a consensus price target of $431.55.

Insider Buying and Selling

In other Intuit news, CAO Lauren D. 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 completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was 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 $3,751,726.16. This 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. 2.49% of the stock is owned by corporate insiders.

Intuit Price Performance

Shares of INTU opened at $354.84 on Friday. The firm has a market capitalization of $94.83 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.18 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27. The company’s fifty day moving average price is $318.74 and its 200-day moving average price is $358.07.

Intuit (NASDAQ:INTU) last issued its 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. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $2.75 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. 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, equities research analysts predict that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. Intuit’s dividend payout ratio is presently 33.45%.

About Intuit

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.