Pallas Capital Advisors LLC Purchases 1,169 Shares of Intuit Inc. $INTU

Key Points

• Pallas Capital Advisors LLC increased its holdings in Intuit Inc. by 281.7%, acquiring additional shares and valuing their total holdings at approximately $1.25 million.
• Intuit recently declared a quarterly dividend of $1.20 per share, marking an increase from the previous dividend of $1.04, with an annualized yield of 0.7%.
• Intuit's stock has a current consensus rating of "Moderate Buy" among analysts, with a consensus price target of approximately $797.62.

Pallas Capital Advisors LLC lifted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 281.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,584 shares of the software maker's stock after buying an additional 1,169 shares during the quarter. Pallas Capital Advisors LLC's holdings in Intuit were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Copia Wealth Management bought a new position in shares of Intuit in the 4th quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in Intuit during the fourth quarter worth about $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit during the first quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC increased its position in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares during the last quarter. Finally, TD Capital Management LLC raised its stake in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after buying an additional 46 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock traded up $14.17 on Monday, hitting $702.09. The company's stock had a trading volume of 2,403,184 shares, compared to its average volume of 2,059,445. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market capitalization of $195.74 billion, a PE ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26. The stock's 50 day moving average is $714.44 and its 200-day moving average is $686.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company earned $1.99 EPS. The business's revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is currently 30.28%.

Insider Transactions at Intuit

In related news, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lauren D. Hotz sold 1,738 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the sale, the chief accounting officer directly owned 455 shares of the company's stock, valued at $356,760.95. This represents a 79.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,879 shares of company stock worth $7,558,613. Corporate insiders own 2.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTU. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Citigroup cut their price target on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Oppenheimer lifted their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. UBS Group dropped their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Finally, Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

About Intuit

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.