Proficio Capital Partners LLC Buys New Shares in Intuit Inc. $INTU

Proficio Capital Partners LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,814 shares of the software maker’s stock, valued at approximately $734,000.

A number of other hedge funds also recently bought and sold shares of INTU. Brighton Jones LLC grew its position in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the first quarter worth approximately $785,564,000. Sivia Capital Partners LLC grew its holdings in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Oppenheimer dropped their target price on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $605.00 to $331.00 in a report on Wednesday. Finally, HSBC lowered their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Intuit presently has an average rating of “Hold” and an average target price of $434.35.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 in the last 90 days. 2.49% of the stock is currently owned by insiders.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of roughly $3.58-$3.59. Credit Karma revenue rose 16%, while Global Business Solutions revenue increased 14%. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, payable October 16, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026. Intuit Board Declares New Quarterly Cash Dividend

Intuit Stock Down 3.2%

Shares of NASDAQ:INTU opened at $345.88 on Thursday. The firm has a 50 day simple moving average of $303.91 and a 200-day simple moving average of $357.37. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $94.61 billion, a PE ratio of 20.96, a P/E/G ratio of 1.12 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.75%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $2.75 EPS. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts predict that Intuit Inc. will post 21.06 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 29.07%.

About Intuit

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.