1,913 Shares of Intuit Inc. $INTU Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,913 shares of the software maker’s stock, valued at approximately $527,000.

A number of other institutional investors have also made changes to their positions in the stock. First Nebraska Trust Co bought a new position in Intuit in the 3rd quarter worth $3,717,000. Evergreen Private Wealth LLC boosted its holdings in Intuit by 19.8% during the third quarter. Evergreen Private Wealth LLC now owns 11,811 shares of the software maker’s stock valued at $3,256,000 after acquiring an additional 1,950 shares during the period. Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in Intuit by 41.3% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 86,564 shares of the software maker’s stock valued at $23,867,000 after acquiring an additional 25,282 shares during the period. Salomon & Ludwin LLC grew its position in shares of Intuit by 113.6% in the third quarter. Salomon & Ludwin LLC now owns 220 shares of the software maker’s stock valued at $61,000 after purchasing an additional 117 shares during the last quarter. Finally, Trek Financial LLC grew its position in shares of Intuit by 42.7% in the third quarter. Trek Financial LLC now owns 1,179 shares of the software maker’s stock valued at $325,000 after purchasing an additional 353 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $344.72 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $92.12 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.16 and a beta of 0.91. The company’s fifty day moving average is $318.58 and its two-hundred day moving average is $360.01. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $682.27.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. 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 research analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were paid a dividend of $1.38 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio is presently 33.45%.

Analyst Ratings Changes

INTU has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday, August 23rd. Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Evercore reaffirmed an “outperform” rating on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Finally, Oppenheimer dropped their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Hold” and an average price target of $431.55.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.