Valley National Advisers Inc. Has $2.01 Million Stake in Intuit Inc. $INTU

Valley National Advisers Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 4,721.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,941 shares of the software maker’s stock after buying an additional 2,880 shares during the quarter. Valley National Advisers Inc.’s holdings in Intuit were worth $2,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its stake in shares of Intuit by 10.6% in the third quarter. Perigon Wealth Management LLC now owns 6,147 shares of the software maker’s stock worth $4,198,000 after acquiring an additional 589 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of Intuit by 4.0% during the third quarter. Sowell Financial Services LLC now owns 2,008 shares of the software maker’s stock valued at $1,371,000 after purchasing an additional 78 shares during the last quarter. Mayflower Financial Advisors LLC increased its holdings in shares of Intuit by 13.7% in the third quarter. Mayflower Financial Advisors LLC now owns 1,031 shares of the software maker’s stock valued at $704,000 after purchasing an additional 124 shares in the last quarter. NovaPoint Capital LLC acquired a new stake in shares of Intuit in the third quarter valued at approximately $235,000. Finally, FSM Wealth Advisors LLC raised its position in Intuit by 2.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 2,827 shares of the software maker’s stock worth $1,931,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.3%

NASDAQ:INTU opened at $676.55 on Friday. 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 12-month low of $532.65 and a 12-month high of $813.70. The stock’s fifty day simple moving average is $660.01 and its 200-day simple moving average is $698.46. The firm has a market capitalization of $188.26 billion, a P/E ratio of 46.24, a P/E/G ratio of 2.77 and a beta of 1.27.

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

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. Evercore ISI restated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $796.60.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the completion of the sale, the director directly owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 270,897 shares of company stock valued at $177,368,310 in the last 90 days. 2.49% of the stock is owned by insiders.

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.