Cygnus Capital Advisors LLC Takes Position in Intuit Inc. $INTU

Cygnus Capital Advisors LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent filing with the SEC. The fund acquired 18,031 shares of the software maker’s stock, valued at approximately $4,706,000. Intuit accounts for approximately 3.2% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in INTU. Betterment LLC raised its position in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after buying an additional 16 shares during the last quarter. One Capital Management LLC boosted its holdings in shares of Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after acquiring an additional 18 shares during the last quarter. Quadcap Wealth Management LLC increased its stake in shares of Intuit by 1.0% in the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 18 shares during the period. Washington Trust Bank increased its stake in shares of Intuit by 3.0% in the fourth quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock worth $523,000 after acquiring an additional 23 shares during the period. Finally, Barr E S & Co. raised its holdings in shares of Intuit by 1.5% during the fourth quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. 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. Insiders have sold a total of 1,813 shares of company stock worth $563,548 in the last quarter. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of Intuit stock opened at $332.70 on Tuesday. The firm has a 50-day simple moving average of $317.16 and a two-hundred day simple moving average of $353.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company has a market cap of $91.01 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

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. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $2.75 EPS. 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, equities analysts predict that Intuit Inc. will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Intuit’s payout ratio is 29.09%.

Analyst Ratings Changes

INTU has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Rothschild & Co Redburn decreased their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. KeyCorp set a $400.00 target price on Intuit in a research note on Wednesday, August 26th. UBS Group set a $370.00 target price on Intuit in a report on Thursday, August 27th. Finally, Oppenheimer reduced their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $434.68.

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.