KG&L Capital Management LLC Acquires Shares of 1,078 Intuit Inc. $INTU

KG&L Capital Management LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,078 shares of the software maker’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Vanguard Group Inc. increased its stake in shares of Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares in the last quarter. State Street Corp grew its stake in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after acquiring an additional 125,990 shares during the period. Geode Capital Management LLC increased its stake in Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after purchasing an additional 115,721 shares during the last quarter. Norges Bank acquired a new position in shares of Intuit during the 2nd quarter valued at about $3,268,830,000. Finally, Invesco Ltd. raised its stake in Intuit by 13.2% during the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after purchasing an additional 407,078 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on INTU shares. Wolfe Research dropped their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. BMO Capital Markets reduced their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Daiwa Capital Markets upped their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $796.60.

Intuit Stock Up 0.7%

Intuit stock opened at $633.84 on Tuesday. The stock has a market cap of $176.38 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 2.58 and a beta of 1.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company’s 50-day moving average price is $657.56 and its two-hundred day moving average price is $693.55.

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

Intuit Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. Intuit’s payout ratio is 32.81%.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 1,098 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $675.00, for a total value of $741,150.00. Following the completion of the transaction, the chief financial officer directly owned 197 shares in the company, valued at $132,975. This trade represents a 84.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 346,129 shares of company stock valued at $228,019,964 over the last three months. Insiders own 2.49% of the company’s stock.

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.