Bandera Partners LLC Makes New Investment in Intuit Inc. $INTU

Bandera Partners LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the first quarter, Holdings Channel.com reports. The firm purchased 18,000 shares of the software maker’s stock, valued at approximately $7,783,000. Intuit comprises about 3.5% of Bandera Partners LLC’s holdings, making the stock its 10th largest holding.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Intuit in the 4th quarter valued at $3,058,407,000. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the 1st quarter worth $785,564,000. Arrowstreet Capital Limited Partnership raised its position in Intuit by 36.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after purchasing an additional 512,684 shares during the period. Bank of New York Mellon Corp lifted its stake in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Intuit by 172.1% during the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock valued at $291,849,000 after buying an additional 426,952 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Intuit Stock Down 1.0%

Shares of NASDAQ INTU opened at $281.53 on Friday. The firm has a fifty day simple moving average of $295.57 and a two-hundred day simple moving average of $394.30. Intuit Inc. has a 12 month low of $252.84 and a 12 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 firm has a market capitalization of $77.01 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 earnings per share. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Intuit’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial reduced their price target on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Bank of America began coverage on shares of Intuit in a report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 target price on the stock. Mizuho lowered their price target on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Barclays decreased their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Morgan Stanley downgraded shares of Intuit from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $580.00 to $335.00 in a research note on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $468.84.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, which could deepen engagement with its platform and create a new financial-services growth avenue. Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
• Positive Sentiment: Intuit highlighted its AI and telesurgery-style collaboration vision at the Society of Robotic Surgery conference for its broader technology platform, showcasing long-term innovation, though this is not directly tied to INTU’s core business and appears to be unrelated content in the feed.
• Neutral Sentiment: Multiple law firms urged affected shareholders to contact them before the September lead-plaintiff deadline in the pending securities class action. These reminders are procedural, but they keep the allegations in the spotlight. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Neutral Sentiment: Intuit’s recent earnings beat and revenue growth remain supportive in the background, but today’s trading appears to be driven more by litigation headlines and analyst sentiment than by operating results.
• Negative Sentiment: A class action was filed alleging Intuit overstated the health of its tax-related business and TurboTax growth prospects, raising concerns about disclosure risk and potential legal costs. Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Intuit Inc.
• Negative Sentiment: Market commentary about generative AI disruption fears and a reported analyst downgrade added to investor caution around Intuit’s growth outlook and valuation. Generative AI Disruption Fears Hurt Intuit (INTU)

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.