Turtle Creek Wealth Advisors LLC Has $8.73 Million Stake in Intuit Inc. $INTU

Turtle Creek Wealth Advisors LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,193 shares of the software maker’s stock after acquiring an additional 2,928 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Intuit were worth $8,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. DB Fitzpatrick & Co Inc boosted its position in shares of Intuit by 82.1% during the 1st quarter. DB Fitzpatrick & Co Inc now owns 3,582 shares of the software maker’s stock worth $1,549,000 after purchasing an additional 1,615 shares in the last quarter. New York State Teachers Retirement System increased its position in Intuit by 3.4% in the 1st quarter. New York State Teachers Retirement System now owns 236,462 shares of the software maker’s stock valued at $102,241,000 after buying an additional 7,784 shares in the last quarter. Optas LLC raised its stake in Intuit by 90.7% during the 1st quarter. Optas LLC now owns 4,108 shares of the software maker’s stock worth $1,776,000 after buying an additional 1,954 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Intuit during the 1st quarter worth approximately $4,202,000. Finally, Leonteq Securities AG boosted its holdings in Intuit by 177.2% in the first quarter. Leonteq Securities AG now owns 10,251 shares of the software maker’s stock worth $4,432,000 after acquiring an additional 6,553 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Shares of INTU opened at $275.35 on Friday. The firm has a market capitalization of $75.32 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.98 and a beta of 1.00. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The stock has a 50 day moving average price of $328.50 and a two-hundred day moving average price of $434.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is 29.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INTU shares. TD Cowen reduced their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Wells Fargo & Company cut their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. KeyCorp reduced their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Mizuho decreased their price target on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Finally, Susquehanna lowered their price objective on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a report on Friday, May 22nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Insiders Place Their Bets

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% 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. Insiders have sold a total of 1,239 shares of company stock worth $348,354 over the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being highlighted as one of the best SaaS stocks to buy, with 76% of analysts rating it a Buy and a consensus price target well above the current share price. Is Intuit (INTU) One of the Best SaaS Stocks to Buy According to Reddit?
• Positive Sentiment: Zacks described Intuit as a top-ranked growth stock, which may be encouraging growth-oriented investors to rotate into the shares. Intuit (INTU) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: For broader context, Intuit recently reported solid quarterly results with earnings and revenue slightly ahead of expectations, which continues to support the bullish thesis.
• Negative Sentiment: Investors are also watching a securities-fraud investigation tied to pricing issues, which could keep sentiment cautious and limit further upside. INTU Investigation Notification: Intuit is being Investigated for Securities Fraud Following Pricing Issues

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.