Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 62,040 shares of the software maker's stock, valued at approximately $16,192,000.
Several other institutional investors have also recently added to or reduced their stakes in INTU. Brighton Jones LLC raised its holdings in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC grew its stake in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after buying an additional 482 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter worth $785,564,000. Sivia Capital Partners LLC increased its position in shares of Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after acquiring an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC raised its stake in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock valued at $370,000 after acquiring an additional 51 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Intuit Price Performance
Shares of INTU stock opened at $357.46 on Wednesday. The firm has a fifty day moving average of $302.38 and a two-hundred day moving average of $357.99. The firm has a market cap of $97.78 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
- Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
- Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on INTU. BMO Capital Markets reduced their target price on shares of Intuit from $550.00 to $412.00 and set an "outperform" rating on the stock in a report on Thursday, May 21st. Freedom Capital downgraded Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. HSBC cut their price objective on Intuit from $897.00 to $707.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada lowered their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Intuit has an average rating of "Moderate Buy" and an average target price of $449.65.
Get Our Latest Stock Analysis on Intuit
Insider Buying and Selling at Intuit
In related news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by corporate insiders.
Intuit Profile
(
Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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