Intuit Inc. $INTU Shares Newly Purchased by First Nebraska Trust Co

First Nebraska Trust Co bought a new stake in Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 13,484 shares of the software maker’s stock, valued at approximately $3,717,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Fiduciary Financial Advisors acquired a new position in Intuit during the 2nd quarter worth approximately $25,000. Osbon Capital Management LLC bought a new position in Intuit in the second quarter worth approximately $26,000. MidFirst Bank acquired a new stake in Intuit in the second quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new stake in Intuit in the first quarter valued at approximately $30,000. Finally, James T. Borello RIA increased its holdings in shares of Intuit by 350.0% during the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INTU shares. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. KeyCorp set a $400.00 price objective on shares of Intuit in a report on Wednesday, August 26th. Truist Financial reaffirmed a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $346.00 price objective on shares of Intuit in a research note on Friday, September 18th. 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $431.55.

Intuit Stock Down 2.1%

INTU stock opened at $344.72 on Wednesday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $318.58 and its 200-day moving average is $360.01. The firm has a market capitalization of $92.12 billion, a PE ratio of 20.89, a P/E/G ratio of 1.16 and a beta of 0.91.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. Intuit’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Sell-side analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.