2,464 Shares of Intuit Inc. $INTU Acquired by Washburn Capital Management Inc.

Washburn Capital Management Inc. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,464 shares of the software maker’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. XXEC Inc. bought a new stake in Intuit in the 2nd quarter worth about $436,740,000. BlackRock Inc. purchased a new stake in Intuit in the 2nd quarter valued at about $6,851,859,000. Corient Private Wealth LP bought a new position in shares of Intuit during the 2nd quarter worth approximately $40,545,000. Bank of America Corp DE bought a new position in shares of Intuit during the 2nd quarter worth approximately $589,841,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Intuit in the 2nd quarter worth approximately $564,592,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INTU shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $385.00 target price on shares of Intuit in a report on Friday, October 2nd. Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Jefferies Financial Group dropped their price target on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Finally, Barclays reduced their price objective on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $431.55.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction on 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 owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock traded down $0.15 on Monday, reaching $325.00. 1,035,018 shares of the company traded hands, compared to its average volume of 4,250,520. The company has a 50 day moving average of $321.16 and a 200 day moving average of $327.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17. The firm has a market capitalization of $86.85 billion, a PE ratio of 19.69, a PEG ratio of 0.95 and a beta of 1.01.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. Intuit’s revenue was up 13.7% on a year-over-year basis. 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 analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.