Intuit Inc. $INTU Stock Holdings Increased by FORA Capital LLC

FORA Capital LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 124.6% in the second quarter, Holdings Channel reports. The fund owned 17,704 shares of the software maker’s stock after buying an additional 9,822 shares during the period. Intuit makes up approximately 1.5% of FORA Capital LLC’s portfolio, making the stock its 10th biggest holding. FORA Capital LLC’s holdings in Intuit were worth $13,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KMG Fiduciary Partners LLC increased its holdings in shares of Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the last quarter. Weaver Capital Management LLC raised its holdings in Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after acquiring an additional 14 shares during the last quarter. May Hill Capital LLC boosted its holdings in shares of Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after purchasing an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists grew its holdings in shares of Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTU. Wolfe Research lowered their target price on Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. KeyCorp cut their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price target on shares of Intuit in a research note on Friday, November 21st. Finally, Citigroup reduced their target price on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

Intuit Trading Down 0.8%

Intuit stock opened at $670.92 on Friday. The business has a 50 day moving average price of $656.94 and a two-hundred day moving average price of $704.92. 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 stock 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 issued its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $2.50 earnings per share. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is 32.81%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 269,799 shares of company stock valued at $176,627,160 over the last quarter. 2.49% of the stock is owned by company insiders.

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.