Stonegate Investment Group LLC Purchases 67,891 Shares of Intuit Inc. $INTU

Stonegate Investment Group LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 909.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,356 shares of the software maker’s stock after acquiring an additional 67,891 shares during the period. Stonegate Investment Group LLC’s holdings in Intuit were worth $51,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intuit during the 2nd quarter worth $3,268,830,000. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the first quarter valued at about $785,564,000. Winslow Capital Management LLC acquired a new position in Intuit during the second quarter worth about $782,677,000. Swedbank AB raised its stake in Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after acquiring an additional 751,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Intuit by 520.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock worth $381,405,000 after acquiring an additional 468,547 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INTU shares. The Goldman Sachs Group began coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. Wells Fargo & Company restated an “equal weight” rating and set a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. TD Cowen assumed coverage on Intuit in a report on Thursday, January 8th. They issued a “buy” rating and a $802.00 target price for the company. Finally, Evercore ISI reissued an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Performance

NASDAQ:INTU opened at $561.77 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70. The company has a 50 day simple moving average of $635.54 and a two-hundred day simple moving average of $673.83. The company has a market capitalization of $156.32 billion, a PE ratio of 38.40, a P/E/G ratio of 2.30 and a beta of 1.25.

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

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.9%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

About Intuit

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.