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 third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,356 shares of the software maker’s stock after buying an additional 67,891 shares during the quarter. Stonegate Investment Group LLC’s holdings in Intuit were worth $51,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. Sequoia Financial Advisors LLC boosted its holdings in Intuit by 9.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Intuit during the second quarter valued at about $1,733,000. Wilmington Savings Fund Society FSB grew its position in Intuit by 19.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after purchasing an additional 4,913 shares in the last quarter. Liberty One Investment Management LLC grew its position in Intuit by 31.8% in the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after purchasing an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH purchased a new stake in Intuit in the 2nd quarter valued at about $830,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTU. Daiwa Capital Markets boosted their target price on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Evercore ISI restated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. UBS Group set a $739.00 target price on Intuit in a research note on Tuesday, January 6th. BMO Capital Markets cut their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Stock Down 0.4%

INTU stock opened at $561.77 on Tuesday. The stock has a fifty day moving average of $635.54 and a 200-day moving average of $673.83. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70. The company has a market capitalization of $156.32 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.30 and a beta of 1.25. 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 (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio 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.