Permanens Capital L.P. Buys Shares of 3,116 Intuit Inc. $INTU

Permanens Capital L.P. purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,116 shares of the software maker's stock, valued at approximately $813,000.

A number of other large investors also recently modified their holdings of INTU. Brighton Jones LLC increased its holdings in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new position in Intuit during the first quarter worth about $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after buying an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its stake in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after acquiring an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. Susquehanna dropped their price target on Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research report on Wednesday. TD Cowen restated a "buy" rating on shares of Intuit in a research report on Tuesday, August 18th. Daiwa Securities Group lowered their target price on shares of Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, May 27th. Rothschild & Co Redburn cut their price target on shares of Intuit from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, June 2nd. Finally, Wall Street Zen cut shares of Intuit from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $434.35.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last ninety days. Insiders own 2.49% of the company's stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of roughly $3.58-$3.59. Credit Karma revenue rose 16%, while Global Business Solutions revenue increased 14%. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, payable October 16, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026. Intuit Board Declares New Quarterly Cash Dividend

Intuit Stock Performance

NASDAQ:INTU opened at $345.88 on Thursday. The company has a market capitalization of $94.61 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.12 and a beta of 0.97. The business has a 50 day moving average of $303.91 and a 200 day moving average of $357.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.75%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, sell-side analysts predict that Intuit Inc. will post 21.06 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, October 8th. This is a boost from Intuit's previous quarterly dividend of $1.20. Intuit's dividend payout ratio is 29.07%.

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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