Oarsman Capital Inc. Purchases 2,108 Shares of Intuit Inc. $INTU

Oarsman Capital Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 103.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,139 shares of the software maker’s stock after acquiring an additional 2,108 shares during the period. Oarsman Capital Inc.’s holdings in Intuit were worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. TritonPoint Partners LLC purchased a new position in Intuit during the fourth quarter worth about $649,000. USS Investment Management Ltd increased its stake in Intuit by 0.3% in the fourth quarter. USS Investment Management Ltd now owns 44,609 shares of the software maker’s stock valued at $29,556,000 after acquiring an additional 114 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Intuit by 5.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 45,076 shares of the software maker’s stock worth $29,859,000 after acquiring an additional 2,393 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Intuit by 54.8% in the 4th quarter. Panagora Asset Management Inc. now owns 199,556 shares of the software maker’s stock valued at $132,190,000 after purchasing an additional 70,685 shares in the last quarter. Finally, Potomac Fund Management Inc. ADV bought a new position in shares of Intuit during the 4th quarter valued at $201,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by insiders.

Intuit Price Performance

INTU stock opened at $281.77 on Tuesday. The stock has a market capitalization of $77.08 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.01 and a beta of 0.98. The firm’s 50-day moving average price is $360.78 and its two-hundred day moving average price is $470.16. 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 Inc. has a 12-month low of $268.01 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the prior year, the business posted $11.65 earnings per share. Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. Jefferies Financial Group lowered their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Wells Fargo & Company reduced their price objective on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Daiwa Securities Group lowered their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Argus reduced their price target on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Twenty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $514.58.

Intuit Company 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.