Elevated Capital Advisors LLC Purchases 2,789 Shares of Intuit Inc. $INTU

Elevated Capital Advisors LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 308.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,692 shares of the software maker’s stock after acquiring an additional 2,789 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Intuit were worth $1,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTU. Joseph Group Capital Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC lifted its holdings in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the period. CrossGen Wealth LLC bought a new stake in shares of Intuit in the 1st quarter worth approximately $32,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit in the 3rd quarter worth approximately $33,000. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% 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. In the last 90 days, insiders sold 1,239 shares of company stock worth $348,354. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on INTU shares. Deutsche Bank Aktiengesellschaft decreased their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Truist Financial cut their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Guggenheim set a $633.00 price objective on shares of Intuit in a research report on Monday, March 16th. The Goldman Sachs Group lowered shares of 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. Finally, Oppenheimer cut their target price on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $498.40.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit was added to several Russell value benchmarks, including the Russell 1000 Value and Russell 3000 Value, which could increase buying from value-focused index funds. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Positive Sentiment: Several articles argued Intuit may be undervalued after a large decline, pointing to cost cuts, an $8 billion buyback, and ongoing dividends as support for the stock. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Some analysts remain constructive, with Citi reaffirming a Buy rating and other commentary saying the bearish case may be overdone. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Neutral Sentiment: Intuit reported solid quarterly results earlier, beating EPS and revenue estimates and raising full-year guidance, but that good news has not fully offset broader concerns about valuation and growth durability.
• Negative Sentiment: Stifel and Goldman both cut their Intuit ratings, adding to caution around the stock’s near-term outlook. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Intuit is still being weighed down by broader tech rotation out of expensive software names, along with lingering AI-disruption and TurboTax headwind concerns. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Intuit Price Performance

INTU opened at $273.38 on Friday. 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 company has a market cap of $74.78 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The stock has a fifty day simple moving average of $316.41 and a two-hundred day simple moving average of $421.13. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70.

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

Intuit Dividend Announcement

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

About Intuit

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.