Intuit Inc. $INTU Shares Bought by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Intuit holdings by 45.8% in the first quarter, buying 10,089 more shares and bringing its position to 32,135 shares valued at about $13.9 million.
• Intuit reported better-than-expected quarterly results, posting EPS of $12.80 versus estimates of $12.57 and revenue of $8.56 billion, up 10.4% year over year.
• Despite strong fundamentals, the stock has faced pressure: shares recently traded near $257.77, and Goldman Sachs cut its rating to sell while several other firms lowered price targets.

Brookstone Capital Management boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 45.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,135 shares of the software maker's stock after purchasing an additional 10,089 shares during the quarter. Brookstone Capital Management's holdings in Intuit were worth $13,895,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTU. Vanguard Group Inc. lifted its position in shares of Intuit by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock valued at $19,156,152,000 after buying an additional 296,448 shares in the last quarter. State Street Corp raised its position in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after acquiring an additional 180,069 shares during the period. Geode Capital Management LLC raised its position in Intuit by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock worth $4,369,488,000 after acquiring an additional 87,451 shares during the period. Morgan Stanley lifted its holdings in Intuit by 1.2% during the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker's stock valued at $3,378,912,000 after purchasing an additional 60,910 shares in the last quarter. Finally, Norges Bank purchased a new position in Intuit during the fourth quarter valued at $3,058,407,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Price Performance

Intuit stock opened at $257.77 on Tuesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The firm has a market capitalization of $70.51 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.98 and a beta of 0.98. The company has a fifty day simple moving average of $347.59 and a 200-day simple moving average of $457.36. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $11.65 earnings per share. 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, equities analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Intuit's dividend payout ratio is presently 29.07%.

Analyst Ratings Changes

INTU has been the subject of a number of research reports. The Goldman Sachs Group cut shares of Intuit from a "neutral" rating to a "sell" rating and cut their target price for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Evercore decreased their price target on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. BMO Capital Markets lowered their price objective on Intuit from $550.00 to $412.00 and set an "outperform" rating on the stock in a report on Thursday, May 21st. Scotiabank set a $575.00 price objective on Intuit in a research note on Friday, March 6th. Finally, Mizuho reduced their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a report on Tuesday, May 26th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $511.35.

Insider Buying and Selling

In related news, Director Vasant M. Prabhu purchased 1,250 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director directly owned 1,250 shares of the company's stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 955 shares of company stock worth $273,855 over the last three months. Corporate insiders own 2.49% of the company's stock.

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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