Running Oak Capital LLC Buys 1,900 Shares of Intuit Inc. $INTU

Running Oak Capital LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 8.5% during the third quarter, Holdings Channel reports. The institutional investor owned 24,278 shares of the software maker’s stock after acquiring an additional 1,900 shares during the quarter. Intuit comprises 1.9% of Running Oak Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Running Oak Capital LLC’s holdings in Intuit were worth $16,580,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. increased its stake in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC increased its holdings in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by corporate insiders.

Intuit Price Performance

Shares of Intuit stock opened at $487.12 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a twelve month low of $486.62 and a twelve month high of $813.70. The stock has a market capitalization of $135.55 billion, a P/E ratio of 33.30, a PEG ratio of 2.04 and a beta of 1.24. The business’s fifty day moving average price is $621.92 and its 200 day moving average price is $665.52.

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

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Analyst Ratings Changes

INTU has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Thursday, January 22nd. Truist Financial initiated coverage on Intuit in a research note on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. KeyCorp lowered their price objective on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Finally, UBS Group set a $739.00 price objective on shares of Intuit in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $791.73.

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.