ProShare Advisors LLC Buys 134,850 Shares of Intuit Inc. $INTU

ProShare Advisors LLC grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 36.1% during the fourth quarter, HoldingsChannel reports. The firm owned 508,602 shares of the software maker’s stock after purchasing an additional 134,850 shares during the quarter. Intuit accounts for approximately 0.6% of ProShare Advisors LLC’s holdings, making the stock its 25th biggest position. ProShare Advisors LLC’s holdings in Intuit were worth $336,908,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in shares of Intuit during the 4th quarter valued at about $25,000. MTM Investment Management LLC boosted its stake in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Intuit during the third quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, Steph & Co. boosted its stake in Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 2.6%

Shares of Intuit stock opened at $403.16 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $111.49 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04. Intuit Inc. has a 52-week low of $342.11 and a 52-week high of $813.70. The company has a 50-day simple moving average of $412.33 and a two-hundred day simple moving average of $518.12.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts anticipate that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s payout ratio is 31.09%.

Analyst Ratings Changes

Several research firms recently commented on INTU. Scotiabank set a $575.00 price objective on shares of Intuit in a research note on Friday, March 6th. Citigroup dropped their price objective on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Barclays reissued an “overweight” rating and set a $540.00 price objective on shares of Intuit in a research note on Monday, March 16th. Mizuho dropped their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Finally, Argus dropped their price objective on shares of Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.49% of the company’s stock.

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.