Oxbow Advisors LLC Acquires Shares of 8,658 Intuit Inc. $INTU

Oxbow Advisors LLC bought a new position in Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,658 shares of the software maker’s stock, valued at approximately $5,913,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Intuit in the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC bought a new stake in Intuit in the second quarter worth $782,677,000. Swedbank AB raised its stake in Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after purchasing an additional 751,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Intuit by 520.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock valued at $381,405,000 after purchasing an additional 468,547 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. Wolfe Research reduced their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Truist Financial started coverage on Intuit in a research note on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 price objective for the company. BMO Capital Markets dropped their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Finally, Independent Research set a $875.00 price target on Intuit in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $791.73.

Intuit Trading Up 3.0%

Shares of NASDAQ INTU traded up $16.28 during midday trading on Friday, hitting $563.97. The company’s stock had a trading volume of 3,272,936 shares, compared to its average volume of 2,106,993. Intuit Inc. has a 12-month low of $520.69 and a 12-month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $156.94 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. The business’s 50 day moving average is $637.23 and its two-hundred day moving average is $676.53.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $2.50 EPS. Intuit’s quarterly revenue 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, equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. Corporate 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.