Intuit Inc. $INTU Position Increased by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 23.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,463 shares of the software maker’s stock after purchasing an additional 2,166 shares during the quarter. Kestra Advisory Services LLC’s holdings in Intuit were worth $3,160,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of INTU. BlackRock Inc. bought a new stake in Intuit in the 2nd quarter valued at $6,851,859,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock worth $870,260,000 after acquiring an additional 215,814 shares during the period. Unisphere Establishment lifted its holdings in shares of Intuit by 6.5% during the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock worth $782,608,000 after acquiring an additional 110,000 shares during the period. Finally, Amundi boosted its position in shares of Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after acquiring an additional 484,602 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Intuit News

Here’s some of the latest news about INTU:

• Positive Sentiment: Analysts at Zacks say Intuit has factors that could support an earnings beat. The report is expected to show earnings of about $2.47 per share and revenue of roughly $4.3 billion, making the results and outlook a near-term catalyst. Intuit Expected to Beat Earnings Estimates
• Positive Sentiment: A valuation analysis argues INTU could be 39% undervalued based on earnings, potentially attracting investors looking for value. The article notes a recent short-term rebound, though it does not remove the importance of the upcoming results. Intuit Could Be 39% Undervalued
• Neutral Sentiment: Intuit is promoting the role of artificial intelligence in accounting and taxes. The coverage points to a longer-term opportunity for its products, but provides no specific financial impact or new forecast. Intuit Brings AI to Accounting and Taxes

Insider Transactions at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the company’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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 285 shares of the company’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 owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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

INTU traded up $1.53 during trading on Friday, hitting $341.70. The company’s stock had a trading volume of 1,597,321 shares, compared to its average volume of 2,883,692. The firm’s 50 day moving average price is $317.68 and its two-hundred day moving average price is $351.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The stock has a market capitalization of $91.32 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.12 and a beta of 0.91.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTU shares. Susquehanna lowered their target price on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research note on Wednesday, August 26th. UBS Group restated a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Citigroup decreased their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $431.68.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.