Stance Capital LLC Makes New Investment in Intuit Inc. $INTU

Stance Capital LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,728 shares of the software maker’s stock, valued at approximately $1,361,000.

Several other hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in Intuit by 9.0% during the second 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 period. MUFG Securities EMEA plc bought a new position in shares of Intuit during the 2nd quarter valued at about $1,733,000. denkapparat Operations GmbH acquired a new position in shares of Intuit in the 2nd quarter worth approximately $830,000. New York Life Investment Management LLC raised its holdings in shares of Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after purchasing an additional 442 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Intuit by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 74,095 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the transaction, the director directly owned 5,819,584 shares of the company’s stock, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 269,799 shares of company stock worth $176,627,160. Company insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $670.92 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company’s fifty day moving average is $656.94 and its 200-day moving average is $704.92. The firm has a market cap of $186.70 billion, a price-to-earnings ratio of 45.86, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Citigroup decreased their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Bank of America decreased their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.