Krilogy Financial LLC Buys 1,994 Shares of Intuit Inc. $INTU

Krilogy Financial LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 54.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,663 shares of the software maker’s stock after purchasing an additional 1,994 shares during the period. Krilogy Financial LLC’s holdings in Intuit were worth $1,733,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INTU. Fiduciary Financial Advisors acquired a new stake in Intuit during the second quarter valued at approximately $25,000. Sankala Group LLC bought a new position in Intuit during the 4th quarter worth approximately $40,000. Whipplewood Advisors LLC acquired a new position in shares of Intuit in the 1st quarter worth approximately $30,000. HHM Wealth Advisors LLC grew its position in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Finally, CrossGen Wealth LLC acquired a new position in shares of Intuit in the 1st quarter worth approximately $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $330.17 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $321.16 and its two-hundred day moving average price is $328.64. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $689.17. The stock has a market capitalization of $88.23 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.91 and a beta of 1.01.

Intuit (NASDAQ:INTU) last issued 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. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is presently 33.45%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence automates the end-to-end quote-to-revenue process, including pricing, contracts, invoicing, collections and revenue recognition. Its support for usage-, seat- and milestone-based billing could broaden Intuit’s appeal to software, professional-services and other businesses with complex billing needs. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: The acquisition is expected to add capabilities to Intuit’s financial system of intelligence and strengthen Intuit Enterprise Suite and QuickBooks Online Advanced. Investors interpreted the transaction as evidence that Intuit is using AI to expand beyond its traditional small-business and consumer tax markets. Intuit deal signals bet on AI demand in revenue management
• Positive Sentiment: The announcement triggered a broad rally in INTU as market participants focused on potential long-term cross-selling opportunities and growth in mid-market financial-management software. Financial terms were not disclosed, leaving the immediate earnings impact uncertain. Why Intuit Stock Is Trading Up Today

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on INTU. Truist Financial reiterated a “hold” rating and issued a $300.00 price target on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. cut Intuit from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $605.00 to $331.00 in a research note on Wednesday, August 26th. The Goldman Sachs Group restated a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Jefferies Financial Group decreased their price objective on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, Citigroup lowered their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $431.55.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.49% of the company’s stock.

Intuit Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.