Cygnus Capital Advisors LLC Makes New Investment in Intuit Inc. $INTU

Key Points

• Cygnus Capital Advisors acquired 18,031 Intuit shares worth approximately $4.7 million during the second quarter, making Intuit 3.2% of its portfolio. Institutional investors collectively own 83.66% of the company.
• Intuit surpassed quarterly expectations with earnings of $4.03 per share versus a $3.58 estimate and revenue of $4.35 billion, up 13.7% year over year. The company issued fiscal 2027 EPS guidance of $22.88–$23.12.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $434.68, while several firms recently cut their targets. Intuit also raised its quarterly dividend to $1.38 per share, implying a 1.7% yield.

Cygnus Capital Advisors LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,031 shares of the software maker's stock, valued at approximately $4,706,000. Intuit accounts for 3.2% of Cygnus Capital Advisors LLC's investment portfolio, making the stock its 12th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Financial Advisors acquired a new position in shares of Intuit during the 2nd quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new stake in Intuit in the second quarter valued at $26,000. MidFirst Bank bought a new stake in Intuit in the second quarter valued at $28,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after purchasing an additional 30 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INTU. Daiwa Securities Group decreased their price objective on Intuit from $640.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, May 27th. Morgan Stanley reduced their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 26th. BNP Paribas Exane lowered their price objective on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Northcoast Research dropped their price objective on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings cut shares of Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 11th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Intuit has a consensus rating of "Hold" and an average price target of $434.68.

Insider Buying and Selling

In related news, Director Richard Dalzell sold 284 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,813 shares of company stock worth $563,548 in the last ninety days. 2.49% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of INTU opened at $332.70 on Tuesday. The stock has a 50 day moving average of $317.16 and a 200 day moving average of $353.74. The company has a market capitalization of $91.01 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.95 and a beta of 0.98. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business's revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts forecast that Intuit Inc. will post 23.49 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 8th. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio (DPR) is 29.09%.

Intuit 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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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