PFG Advisors Increases Holdings in Intuit Inc. $INTU

PFG Advisors increased its position in Intuit Inc. (NASDAQ:INTU) by 22.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,156 shares of the software maker’s stock after acquiring an additional 936 shares during the period. PFG Advisors’ holdings in Intuit were worth $4,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT grew its holdings in Intuit by 8.5% in the second quarter. Zions Bancorporation National Association UT now owns 11,044 shares of the software maker’s stock valued at $8,699,000 after purchasing an additional 866 shares during the last quarter. Midwest Trust Co purchased a new stake in shares of Intuit in the 2nd quarter worth about $13,554,000. DJE Kapital AG purchased a new stake in shares of Intuit in the 2nd quarter worth about $74,351,000. Prescott Group Capital Management L.L.C. increased its holdings in Intuit by 47.6% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 685 shares of the software maker’s stock valued at $540,000 after acquiring an additional 221 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Intuit by 34.9% during the second quarter. Acadian Asset Management LLC now owns 312,866 shares of the software maker’s stock worth $246,397,000 after acquiring an additional 80,937 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on INTU shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Barclays dropped their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Citigroup reduced their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock valued at $1,614,913 in the last ninety days. Company insiders own 2.68% of the company’s stock.

Intuit Stock Down 0.7%

Shares of NASDAQ:INTU opened at $648.85 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $180.90 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.53 and a beta of 1.25. The stock’s 50-day moving average price is $668.65 and its two-hundred day moving average price is $705.20. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company’s revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 34.93%.

Intuit 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.