Fieldview Capital Management LLC Purchases Shares of 2,349 Intuit Inc. $INTU

Fieldview Capital Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,349 shares of the software maker’s stock, valued at approximately $1,556,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Joseph Group Capital Management bought a new position in shares of Intuit in the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit in the fourth quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit in the third quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Finally, Steph & Co. grew its holdings in shares of Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after purchasing an additional 45 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Performance

Shares of INTU stock opened at $276.73 on Monday. The stock has a fifty day moving average of $363.60 and a 200 day moving average of $472.74. Intuit Inc. has a 52 week low of $268.01 and a 52 week high of $813.70. The firm has a market capitalization of $75.70 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the firm posted $11.65 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The firm 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 of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on INTU shares. Argus cut their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. HSBC cut their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Guggenheim set a $633.00 target price on shares of Intuit in a report on Monday, March 16th. Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Scotiabank set a $575.00 target price on shares of Intuit in a report on Friday, March 6th. Twenty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $514.58.

Read Our Latest Report on Intuit

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the firm’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 transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.49% of the company’s stock.

Intuit Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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