Patriot Financial Group Insurance Agency LLC Acquires 2,220 Shares of Intuit Inc. $INTU

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 114.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,166 shares of the software maker’s stock after purchasing an additional 2,220 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Intuit were worth $1,801,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit in the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit in the 4th quarter valued at about $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the 3rd quarter worth about $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the 4th quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTU. KeyCorp cut their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Evercore dropped their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Bank of America started coverage on Intuit in a research report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price objective for the company. Susquehanna reduced their target price on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. Finally, Wells Fargo & Company decreased their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $498.40.

Intuit Stock Down 0.5%

Shares of INTU opened at $266.40 on Tuesday. The firm has a market cap of $72.87 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The firm’s 50-day simple moving average is $336.49 and its 200 day simple moving average is $443.36.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the business posted $11.65 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.8%. Intuit’s payout ratio is 29.07%.

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.