Intuit Inc. $INTU Stock: Alps Advisors Inc. Increases Position

Key Points

• Alps Advisors increased its Intuit stake by 113.5% in the third quarter, adding 9,023 shares to reach 16,974 shares valued at $4.68 million.
• Intuit reported quarterly EPS of $4.03, topping the $3.58 analyst estimate, while revenue rose 13.7% year over year to $4.35 billion. The company also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst opinion is mixed: MarketBeat’s consensus rating is “Hold,” with an average price target of $431.55.

Alps Advisors Inc. increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 113.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,974 shares of the software maker's stock after purchasing an additional 9,023 shares during the quarter. Alps Advisors Inc.'s holdings in Intuit were worth $4,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INTU. Fiduciary Financial Advisors purchased a new position in Intuit during the 2nd quarter valued at about $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the 2nd quarter valued at $26,000. MidFirst Bank acquired a new stake in Intuit during the 2nd quarter valued at $28,000. Whipplewood Advisors LLC purchased a new position in Intuit during the first quarter worth $30,000. Finally, James T. Borello RIA increased its position in Intuit by 350.0% during the third quarter. James T. Borello RIA now owns 108 shares of the software maker's stock worth $30,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling

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

Intuit Stock Performance

Shares of Intuit stock opened at $341.50 on Monday. 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 $318.61 and its two-hundred day moving average is $357.13. 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 $91.26 billion, a PE ratio of 20.70, a P/E/G ratio of 1.13 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. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. The business's revenue for the quarter was up 13.7% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This is a boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit's payout ratio is currently 33.45%.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Citigroup cut their price target on Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a report on Thursday, August 13th. TD Cowen reiterated a "hold" rating and set a $346.00 price objective on shares of Intuit in a research report on Friday, September 18th. KeyCorp set a $400.00 price objective on Intuit in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of Intuit from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group restated a "sell" rating on shares of Intuit in a report on Thursday, September 24th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $431.55.

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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