Intuit Inc. $INTU Stock Bought by Brighton Jones LLC

Key Points

• Brighton Jones LLC increased its Intuit stake by 52.5% in the third quarter, adding 3,282 shares to hold 9,530 shares valued at $2.63 million. Institutional investors and hedge funds collectively own 83.66% of the stock.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and a $431.68 average price target, with 16 Buy, 13 Hold, and 2 Sell ratings.
• Intuit beat quarterly earnings and revenue expectations, with EPS of $4.03 and revenue of $4.35 billion; revenue rose 13.7% year over year. The company also raised its quarterly dividend from $1.20 to $1.38 per share.

Brighton Jones LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 52.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,530 shares of the software maker's stock after buying an additional 3,282 shares during the period. Brighton Jones LLC's holdings in Intuit were worth $2,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beacon Pointe Advisors LLC acquired a new position in shares of Intuit in the second quarter valued at approximately $1,643,000. J. Safra Sarasin Holding AG lifted its position in Intuit by 831.4% in the 1st quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker's stock valued at $11,817,000 after acquiring an additional 24,402 shares in the last quarter. Cygnus Capital Advisors LLC acquired a new position in Intuit in the 2nd quarter worth $4,706,000. The Manufacturers Life Insurance Company acquired a new position in Intuit in the 2nd quarter worth $179,663,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Intuit by 24.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 28,149 shares of the software maker's stock worth $7,957,000 after purchasing an additional 5,456 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on INTU. Wells Fargo & Company dropped their price target on Intuit from $360.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 26th. Piper Sandler boosted their price objective on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 26th. Evercore reaffirmed an "outperform" rating on shares of Intuit in a research report on Friday, September 18th. Stifel Nicolaus reiterated a "hold" rating and issued a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. Finally, Morgan Stanley cut their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 26th. Sixteen investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $431.68.

Intuit Stock Performance

NASDAQ INTU opened at $338.23 on Tuesday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27. The firm has a market capitalization of $90.39 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.91. The firm's fifty day moving average price is $318.21 and its two-hundred day moving average price is $356.20. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping 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 analysts' expectations of $4.27 billion. During the same quarter last year, the company posted $2.75 earnings per share. Intuit's quarterly revenue 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. As a group, research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. Intuit's payout ratio is currently 33.45%.

Insider Buying and Selling

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

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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