Canal Capital Management LLC Purchases 2,513 Shares of Intuit Inc. $INTU

Canal Capital Management LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 24.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,745 shares of the software maker’s stock after purchasing an additional 2,513 shares during the period. Canal Capital Management LLC’s holdings in Intuit were worth $5,511,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. acquired a new position in Intuit during the third quarter valued at approximately $33,000. Birchwood Financial Partners Inc. bought a new stake in Intuit in the fourth quarter valued at approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Erste Group Bank upgraded Intuit to a “hold” rating in a report on Monday, April 27th. Mizuho lowered their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Wells Fargo & Company dropped their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Daiwa Securities Group cut their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $498.40.

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price 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 in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.

Intuit Stock Performance

INTU opened at $275.35 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The firm has a market cap of $75.32 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The business’s fifty day moving average is $325.83 and its 200-day moving average is $433.75.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts expect that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio is presently 29.07%.

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.