NorthCrest Asset Manangement LLC Buys 7,930 Shares of Intuit Inc. $INTU

NorthCrest Asset Manangement LLC raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 11.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,826 shares of the software maker’s stock after acquiring an additional 7,930 shares during the quarter. Intuit makes up 1.2% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 10th largest holding. NorthCrest Asset Manangement LLC’s holdings in Intuit were worth $51,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Sequoia Financial Advisors LLC lifted its stake in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after purchasing an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Intuit during the 2nd quarter worth approximately $1,733,000. Wilmington Savings Fund Society FSB lifted its position in shares of Intuit by 19.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after purchasing an additional 4,913 shares in the last quarter. Liberty One Investment Management LLC increased its stake in Intuit by 31.8% during the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after buying an additional 2,326 shares during the period. Finally, denkapparat Operations GmbH acquired a new stake in shares of Intuit during the second quarter valued at about $830,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

INTU stock opened at $545.29 on Monday. The company has a 50-day simple moving average of $648.60 and a 200 day simple moving average of $683.51. The company has a market capitalization of $151.74 billion, a P/E ratio of 37.27, a PEG ratio of 2.23 and a beta of 1.25. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

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

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

INTU has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Friday, November 21st. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Wells Fargo & Company restated an “equal weight” rating and set a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Finally, Daiwa Capital Markets boosted their price target on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $794.62.

Intuit 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.