4,271 Shares in Intuit Inc. $INTU Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the third quarter, Holdings Channel reports. The institutional investor purchased 4,271 shares of the software maker’s stock, valued at approximately $2,917,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ARS Wealth Advisors Group LLC grew its holdings in Intuit by 7.1% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 330 shares of the software maker’s stock worth $225,000 after acquiring an additional 22 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Intuit by 85.1% during the 3rd quarter. Insight Wealth Strategies LLC now owns 6,092 shares of the software maker’s stock worth $4,160,000 after purchasing an additional 2,801 shares during the last quarter. Grove Bank & Trust grew its stake in shares of Intuit by 137.7% during the third quarter. Grove Bank & Trust now owns 2,363 shares of the software maker’s stock worth $1,614,000 after purchasing an additional 1,369 shares in the last quarter. Nilsine Partners LLC increased its holdings in Intuit by 6.1% in the third quarter. Nilsine Partners LLC now owns 366 shares of the software maker’s stock valued at $250,000 after buying an additional 21 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in Intuit by 66.6% in the third quarter. Aaron Wealth Advisors LLC now owns 3,457 shares of the software maker’s stock valued at $2,361,000 after buying an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group dropped their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Wolfe Research dropped their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays reduced their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. cut their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $796.60.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the transaction, the director directly owned 5,893,679 shares in the company, valued at $3,882,991,472.36. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 269,799 shares of company stock worth $176,627,160 in the last three months. Insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $669.35 on Wednesday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a market capitalization of $186.26 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 2.68 and a beta of 1.27. The company has a 50-day simple moving average of $656.86 and a 200-day simple moving average of $703.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

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.