Stonebridge Capital Management Inc. Buys Shares of 9,371 Intuit Inc. $INTU

Stonebridge Capital Management Inc. acquired a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,371 shares of the software maker’s stock, valued at approximately $2,446,000. Intuit makes up approximately 1.2% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 24th largest position.

Other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management bought a new position in Intuit in the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit in the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit during the 3rd quarter worth about $33,000. Birchwood Financial Partners Inc. bought a new stake in Intuit in the fourth quarter valued at about $33,000. Finally, Fiduciary Financial Advisors acquired a new position in Intuit in the second quarter worth about $25,000. 83.66% of the stock is currently owned by institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of roughly $3.58-$3.59. Credit Karma revenue rose 16%, while Global Business Solutions revenue increased 14%. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, payable October 16, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026. Intuit Board Declares New Quarterly Cash Dividend

Insider Activity

In other news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last 90 days. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

Shares of NASDAQ INTU opened at $345.88 on Thursday. The company has a fifty day moving average price of $303.91 and a 200 day moving average price of $357.37. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The firm has a market cap of $94.61 billion, a PE ratio of 20.96, a PEG ratio of 1.12 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.75% and a net margin of 21.29%.Intuit’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts predict that Intuit Inc. will post 21.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 29.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Truist Financial decreased their price objective on shares of Intuit from $350.00 to $300.00 and set a “hold” rating on the stock in a research note on Wednesday. Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $605.00 to $331.00 in a research report on Wednesday. Finally, Bank of America cut Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Hold” and an average target price of $434.35.

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.