Intuit Inc. $INTU Stock Holdings Increased by Granite Investment Partners LLC

Granite Investment Partners LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 19.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,507 shares of the software maker’s stock after buying an additional 1,552 shares during the quarter. Granite Investment Partners LLC’s holdings in Intuit were worth $7,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Intuit by 145.6% in the 4th 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. bought a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. Moors & Cabot Inc. raised its stake in Intuit by 15.6% during the first quarter. Moors & Cabot Inc. now owns 836 shares of the software maker’s stock worth $514,000 after acquiring an additional 113 shares during the period. Finally, J. Safra Sarasin Holding AG raised its stake in Intuit by 24.6% during the first quarter. J. Safra Sarasin Holding AG now owns 3,238 shares of the software maker’s stock worth $1,988,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,836 shares of company stock valued at $1,235,203. Company insiders own 2.68% of the company’s stock.

Intuit Trading Down 0.4%

Shares of INTU stock opened at $631.62 on Tuesday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm has a market capitalization of $175.84 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The stock has a fifty day moving average of $662.19 and a two-hundred day moving average of $707.00. 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) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is 32.81%.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTU. Evercore ISI restated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Citigroup dropped their target price on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Daiwa Capital Markets raised their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

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.