Financial Advisors Network Inc. Has $592,000 Holdings in Intuit Inc. $INTU

Key Points

• Financial Advisors Network Inc. doubled its stake in Intuit Inc., acquiring a total of 964 shares worth approximately $592,000 during the first quarter of the year.
• Analysts have a consensus rating of "Moderate Buy" for Intuit, with a target price averaging around $809.86, reflecting multiple upgrades from various brokerages.
• Recent insider sales include EVP Marianna Tessel offloading 34,329 shares for over $26 million, indicating significant movement among executives during the past quarter.

Financial Advisors Network Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 100.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 964 shares of the software maker's stock after purchasing an additional 482 shares during the quarter. Financial Advisors Network Inc.'s holdings in Intuit were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Copia Wealth Management purchased a new stake in Intuit in the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth $28,000. Olde Wealth Management LLC purchased a new position in shares of Intuit in the 1st quarter worth $37,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Intuit by 523.1% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after buying an additional 68 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in Intuit in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Down 5.0%

Intuit stock traded down $35.10 during midday trading on Friday, reaching $662.66. The stock had a trading volume of 6,366,419 shares, compared to its average volume of 1,783,431. The firm's fifty day simple moving average is $757.08 and its two-hundred day simple moving average is $674.34. The firm has a market cap of $184.85 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 2.69 and a beta of 1.28. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 23.01%. The company's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total value of $11,662,373.93. Following the transaction, the chief financial officer owned 197 shares in the company, valued at $143,047.61. This trade represents a 98.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares in the company, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,800 shares of company stock worth $209,725,054. Corporate insiders own 2.68% of the company's stock.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. CLSA began coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. Finally, KeyCorp dropped their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.