Legato Capital Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,211 shares of the software maker’s stock, valued at approximately $1,465,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter worth $25,000. MTM Investment Management LLC boosted its holdings in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in Intuit in the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings 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 during the period. Finally, Steph & Co. boosted its holdings in Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on INTU shares. UBS Group decreased their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a report on Thursday. Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday. KeyCorp decreased their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their target price on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, BMO Capital Markets decreased their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a report on Thursday. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $546.29.
Intuit Price Performance
Shares of NASDAQ INTU opened at $319.94 on Monday. The company has a market capitalization of $87.52 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.32. The business has a 50-day moving average of $403.55 and a two-hundred day moving average of $509.35. Intuit Inc. has a 1 year low of $302.36 and a 1 year high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings results 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 company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, analysts forecast that Intuit Inc. will post 17.49 earnings per share for the current fiscal year.
Intuit Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is 29.07%.
More Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
- Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
- Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands
Insider Transactions at Intuit
In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is owned by company insiders.
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.
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