Gallagher Capital Advisors LLC Takes $1.68 Million Position in Intuit Inc. $INTU

Gallagher Capital Advisors LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,456 shares of the software maker’s stock, valued at approximately $1,677,000. Intuit comprises about 1.0% of Gallagher Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. May Hill Capital LLC raised its holdings in Intuit by 4.2% during the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after buying an additional 14 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of Intuit by 2.6% in the second quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after acquiring an additional 15 shares during the period. Mcrae Capital Management Inc. raised its stake in shares of Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after acquiring an additional 15 shares during the last quarter. Fort Sheridan Advisors LLC boosted its holdings in shares of Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after purchasing an additional 15 shares during the period. Finally, BetterWealth LLC grew its stake in shares of Intuit by 3.8% in the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on INTU shares. Independent Research set a $875.00 price target on Intuit in a research report on Tuesday, November 18th. UBS Group set a $739.00 target price on Intuit in a report on Tuesday, January 6th. Daiwa Securities Group lifted their price target on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, Oppenheimer dropped their target price on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Twenty-two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $779.58.

Insider Buying and Selling

In other news, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the transaction, the director owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at approximately $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. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit Trading Down 1.4%

NASDAQ:INTU opened at $437.50 on Tuesday. The firm has a market capitalization of $121.74 billion, a P/E ratio of 29.90, a PEG ratio of 1.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a one year low of $411.11 and a one year high of $813.70. The company’s 50-day simple moving average is $602.40 and its 200 day simple moving average is $653.94.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.