Intuit Inc. $INTU Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 57.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,295 shares of the software maker’s stock after selling 1,735 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Intuit were worth $858,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Sagard Holdings Management Inc. purchased a new stake in Intuit during the second quarter worth $28,000. Total Investment Management Inc. purchased a new position in Intuit in the second quarter valued at $33,000. Kilter Group LLC acquired a new position in shares of Intuit in the second quarter worth about $35,000. MTM Investment Management LLC raised its position in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the 3rd quarter worth about $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on INTU. Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 target price for the company in a research note on Friday, March 6th. UBS Group decreased their target price on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Oppenheimer cut their price target on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $638.06.

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,403 shares of company stock worth $28,735,492 over the last three months. 2.49% of the stock is owned by corporate insiders.

Intuit Price Performance

Shares of Intuit stock opened at $429.03 on Tuesday. The stock has a market capitalization of $118.65 billion, a P/E ratio of 27.79, a PEG ratio of 1.67 and a beta of 1.27. The business has a 50 day simple moving average of $445.91 and a two-hundred day simple moving average of $582.43. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company posted $3.32 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is 31.09%.

Intuit Company 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.