Alta Capital Management LLC Acquires 2,274 Shares of Intuit Inc. $INTU

Alta Capital Management LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 73,904 shares of the software maker’s stock after buying an additional 2,274 shares during the period. Intuit comprises about 3.3% of Alta Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Alta Capital Management LLC’s holdings in Intuit were worth $58,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Davidson Investment Advisors increased its position in Intuit by 1.0% during the second quarter. Davidson Investment Advisors now owns 43,399 shares of the software maker’s stock worth $34,182,000 after buying an additional 412 shares during the last quarter. Generali Asset Management SPA SGR grew its position in shares of Intuit by 5.2% in the second quarter. Generali Asset Management SPA SGR now owns 24,125 shares of the software maker’s stock valued at $19,002,000 after purchasing an additional 1,186 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Intuit by 11.5% in the second quarter. Ritholtz Wealth Management now owns 5,017 shares of the software maker’s stock valued at $3,952,000 after purchasing an additional 516 shares during the last quarter. Curated Wealth Partners LLC grew its position in shares of Intuit by 1.1% in the second quarter. Curated Wealth Partners LLC now owns 1,568 shares of the software maker’s stock valued at $1,235,000 after purchasing an additional 17 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Intuit by 7.7% in the second quarter. Harbour Investments Inc. now owns 363 shares of the software maker’s stock valued at $286,000 after purchasing an additional 26 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 0.7%

Shares of INTU opened at $652.69 on Thursday. The stock has a market cap of $181.97 billion, a price-to-earnings ratio of 47.50, a P/E/G ratio of 2.54 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a 50-day moving average price of $679.57 and a two-hundred day moving average price of $694.05.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. UBS Group decreased their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. KeyCorp decreased their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn raised their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Finally, CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.