Elevated Capital Advisors LLC Purchases 2,789 Shares of Intuit Inc. $INTU

Elevated Capital Advisors LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 308.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,692 shares of the software maker’s stock after acquiring an additional 2,789 shares during the period. Elevated Capital Advisors LLC’s holdings in Intuit were worth $1,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Stronghold Wealth Management L.L.C. increased its position in shares of Intuit by 6.5% during the first quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock valued at $205,000 after acquiring an additional 29 shares in the last quarter. Money Concepts Capital Corp lifted its position in Intuit by 28.5% in the 1st quarter. Money Concepts Capital Corp now owns 2,017 shares of the software maker’s stock valued at $872,000 after acquiring an additional 447 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Intuit by 2.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 96,009 shares of the software maker’s stock valued at $41,456,000 after acquiring an additional 2,119 shares in the last quarter. Demars Financial Group LLC purchased a new stake in Intuit during the 1st quarter valued at $1,423,000. Finally, Personal CFO Solutions LLC boosted its stake in Intuit by 15.7% during the 1st quarter. Personal CFO Solutions LLC now owns 3,105 shares of the software maker’s stock valued at $1,343,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTU. Wolfe Research restated an “outperform” rating and issued a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. KeyCorp dropped their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group lowered Intuit from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $498.40.

Intuit Stock Performance

INTU stock opened at $273.38 on Friday. The company has a market cap of $74.78 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is $316.41 and its 200-day moving average price is $421.13.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the business earned $11.65 earnings per share. Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit was added to several Russell value benchmarks, including the Russell 1000 Value and Russell 3000 Value, which could increase buying from value-focused index funds. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Positive Sentiment: Several articles argued Intuit may be undervalued after a large decline, pointing to cost cuts, an $8 billion buyback, and ongoing dividends as support for the stock. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Some analysts remain constructive, with Citi reaffirming a Buy rating and other commentary saying the bearish case may be overdone. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Neutral Sentiment: Intuit reported solid quarterly results earlier, beating EPS and revenue estimates and raising full-year guidance, but that good news has not fully offset broader concerns about valuation and growth durability.
• Negative Sentiment: Stifel and Goldman both cut their Intuit ratings, adding to caution around the stock’s near-term outlook. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Intuit is still being weighed down by broader tech rotation out of expensive software names, along with lingering AI-disruption and TurboTax headwind concerns. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,239 shares of company stock worth $348,354 in the last quarter. Company 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.