Intuit Inc. $INTU Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 91.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,030 shares of the software maker’s stock after acquiring an additional 1,446 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Intuit were worth $2,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTU. Brighton Jones LLC lifted its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the first quarter worth $785,564,000. Sivia Capital Partners LLC raised its stake in shares of Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after acquiring an additional 166 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Intuit by 20.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after purchasing an additional 163 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of Intuit stock opened at $399.40 on Tuesday. The firm has a market capitalization of $111.14 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 52 week low of $389.32 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $577.22 and its two-hundred day moving average is $640.09.

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

Analyst Ratings Changes

INTU has been the topic of several recent research reports. BMO Capital Markets cut their price target on Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. The Goldman Sachs Group began coverage on shares of Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 target price on the stock. Daiwa Securities Group lifted their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Truist Financial started coverage on shares of Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target for the company. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $772.42.

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the sale, the director directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

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.