Intuit Inc. $INTU Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 54.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,663 shares of the software maker’s stock after acquiring an additional 1,994 shares during the quarter. Krilogy Financial LLC’s holdings in Intuit were worth $1,733,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Fiduciary Financial Advisors acquired a new position in Intuit during the 2nd quarter worth $25,000. Sankala Group LLC acquired a new position in shares of Intuit during the fourth quarter valued at $40,000. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the first quarter valued at $30,000. HHM Wealth Advisors LLC raised its stake in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Finally, CrossGen Wealth LLC bought a new stake in shares of Intuit during the first quarter valued at about $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intuit news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction dated 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 directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard 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 sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. 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. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on INTU. TD Cowen reaffirmed a “hold” rating and issued a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. Citigroup lowered their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $385.00 target price on shares of Intuit in a research note on Friday, October 2nd. Piper Sandler boosted their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. Finally, Mizuho restated an “outperform” rating and set a $430.00 price target on shares of Intuit in a research report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $431.55.

Key Intuit News

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

Intuit Stock Up 6.4%

Shares of INTU stock opened at $330.17 on Friday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $689.17. The stock has a market cap of $88.23 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01. The business’s fifty day moving average is $321.16 and its 200-day moving average is $328.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion for 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%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities analysts expect that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors 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 an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio is presently 33.45%.

About Intuit

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.