PFW Advisors LLC Acquires New Holdings in Intuit Inc. $INTU

PFW Advisors LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,736 shares of the software maker’s stock, valued at approximately $479,000.

Several other hedge funds also recently modified their holdings of the business. State Street Corp increased its position in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares during the last quarter. BlackRock Inc. acquired a new stake in Intuit in the 2nd quarter worth approximately $6,851,859,000. Arrowstreet Capital Limited Partnership boosted its position in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. Nuveen LLC grew its holdings in Intuit by 20.5% during the fourth quarter. Nuveen LLC now owns 2,465,130 shares of the software maker’s stock valued at $1,632,951,000 after purchasing an additional 419,941 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Intuit by 14.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,018,738 shares of the software maker’s stock valued at $1,337,257,000 after purchasing an additional 256,400 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU traded up $5.97 during trading hours on Wednesday, reaching $295.78. 1,715,178 shares of the company traded hands, compared to its average volume of 4,273,057. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s fifty day moving average is $323.25 and its 200 day moving average is $335.16. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $689.17. The stock has a market cap of $79.04 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts anticipate that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research analyst reports. TD Cowen reiterated a “hold” rating and issued a $346.00 target price on shares of Intuit in a research note on Friday, September 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Intuit in a report on Tuesday, September 8th. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. The Goldman Sachs Group reiterated a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Finally, UBS Group restated a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $431.55.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction 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 sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction dated 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 directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by company insiders.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.