Kornitzer Capital Management Inc. KS Purchases 1,668 Shares of Intuit Inc. $INTU

Kornitzer Capital Management Inc. KS raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 41.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,651 shares of the software maker’s stock after acquiring an additional 1,668 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Intuit were worth $3,859,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its stake in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. bought a new stake in shares of Intuit during the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of Intuit stock opened at $545.40 on Wednesday. The stock has a market cap of $151.77 billion, a P/E ratio of 37.28, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day moving average is $633.45 and its 200 day moving average is $672.40. Intuit Inc. has a one year low of $520.69 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping 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 analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business posted $2.50 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.9%. Intuit’s payout ratio is currently 32.81%.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INTU. The Goldman Sachs Group started coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target on the stock. TD Cowen began coverage on shares of Intuit in a report on Thursday, January 8th. They issued a “buy” rating and a $802.00 target price on the stock. Truist Financial started coverage on shares of Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Friday, November 21st. Finally, Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

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.