10,718 Shares in Intuit Inc. $INTU Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Intuit Inc. (NASDAQ:INTUFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,718 shares of the software maker’s stock, valued at approximately $7,100,000.

Other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new position in Intuit in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. acquired a new position in Intuit in the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC increased its stake in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Steph & Co. increased its stake in Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares during the period. Finally, High Point Wealth Management LLC acquired a new position in Intuit in the fourth quarter valued at $43,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Freedom Capital lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. BNP Paribas Exane dropped their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, Wolfe Research reiterated an “outperform” rating and set a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.58.

Read Our Latest Stock Report on Intuit

Intuit Stock Down 3.3%

INTU stock opened at $284.22 on Thursday. The company has a market cap of $77.75 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.08 and a beta of 0.98. Intuit Inc. has a 52 week low of $281.93 and a 52 week high of $813.70. The company’s 50-day moving average price is $369.69 and its 200 day moving average price is $478.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts expect that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Intuit Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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