6,293 Intuit Inc. $INTU Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 30.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,176 shares of the software maker's stock after purchasing an additional 6,293 shares during the quarter. Running Oak Capital LLC's holdings in Intuit were worth $7,493,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of INTU. Fiduciary Financial Advisors purchased a new stake in Intuit in the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new position in shares of Intuit in the second quarter worth $26,000. MidFirst Bank acquired a new position in shares of Intuit in the second quarter worth $28,000. James T. Borello RIA raised its holdings in shares of Intuit by 350.0% in the third quarter. James T. Borello RIA now owns 108 shares of the software maker's stock worth $30,000 after acquiring an additional 84 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Intuit in the second quarter valued at $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard L. Dalzell sold 285 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen increased their price objective on Intuit from $346.00 to $350.00 and gave the company a "hold" rating in a research note on Monday. Oppenheimer cut their target price on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, August 26th. Wolfe Research lowered shares of Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. UBS Group reaffirmed a "neutral" rating on shares of Intuit in a research note on Friday, September 18th. Finally, Susquehanna lowered their price target on shares of Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Hold" and an average price target of $431.68.

Intuit Trading Down 1.0%

Shares of Intuit stock opened at $338.23 on Tuesday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $682.27. The business's fifty day moving average is $318.21 and its two-hundred day moving average is $356.20. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $90.39 billion, a PE ratio of 20.50, a P/E/G ratio of 1.18 and a beta of 0.91.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Analysts anticipate that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio is currently 33.45%.

Intuit Profile

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.

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