Intuit Inc. $INTU Shares Bought by Alley Investment Management Company LLC

Alley Investment Management Company LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 71.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,076 shares of the software maker’s stock after acquiring an additional 13,805 shares during the quarter. Intuit accounts for about 1.7% of Alley Investment Management Company LLC’s holdings, making the stock its 24th biggest position. Alley Investment Management Company LLC’s holdings in Intuit were worth $14,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INTU. Joseph Group Capital Management purchased a new stake in shares of Intuit in the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC increased its holdings in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. CrossGen Wealth LLC acquired a new position in Intuit during the first quarter worth about $32,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Intuit during the third quarter worth about $33,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 in the last 90 days. 2.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Rothschild & Co Redburn reduced their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Barclays reduced their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Intuit Price Performance

Shares of Intuit stock opened at $261.00 on Wednesday. The business’s fifty day moving average price is $333.84 and its 200 day moving average price is $440.54. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $71.39 billion, a P/E ratio of 15.81, a PEG ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts highlighted Intuit’s AI strategy as a potential growth driver, saying it could expand higher-value services, automate workflows, and boost cross-selling across TurboTax, Credit Karma, and QuickBooks. Intuit’s AI Push: Can It Unlock the Next Growth Phase?
• Positive Sentiment: A comparison piece argued Intuit remains a strong fintech franchise thanks to its ecosystem of consumer and small-business products, which can support durable revenue growth over time. Intuit vs Block: Which Fintech Stock Is the Better Buy Now?
• Neutral Sentiment: Recent market commentary noted Intuit had a big upside move in the prior session, but warned that earnings-estimate revisions may limit follow-through in the near term. Intuit (INTU) Surges 5.0%: Is This an Indication of Further Gains?
• Negative Sentiment: One report said INTU declined in the latest session despite a broader market improvement, reinforcing the idea that investors are taking profits and questioning near-term momentum. Intuit (INTU) Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: An investor alert also flagged a pending securities-fraud investigation involving Intuit, which could weigh on sentiment and keep volatility elevated. Investor Announcement: Intuit Investors are Notified to Contact BFA Law about its Pending Securities Fraud Investigation to Recover Stock Losses

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.