Elevate Capital Advisors LLC Purchases New Position in Intuit Inc. $INTU

Elevate Capital Advisors LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,986 shares of the software maker’s stock, valued at approximately $1,356,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTU. Norges Bank purchased a new position in Intuit during the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter valued at approximately $785,564,000. Winslow Capital Management LLC purchased a new position in shares of Intuit during the second quarter worth approximately $782,677,000. Swedbank AB increased its holdings in shares of Intuit by 575.4% in the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after acquiring an additional 751,027 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Intuit by 13.2% in the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock valued at $2,745,492,000 after acquiring an additional 407,078 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 6.4%

Shares of Intuit stock opened at $566.60 on Thursday. The company has a 50-day moving average of $652.65 and a two-hundred day moving average of $687.41. Intuit Inc. has a 12-month low of $532.65 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 stock has a market cap of $157.67 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.25.

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

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: BDO Canada and Intuit announced a partnership to serve small and mid‑sized businesses in Canada, which could expand Intuit’s customer reach and Drive recurring revenue in QuickBooks and related services. BDO Canada, Intuit team up
• Positive Sentiment: Zacks highlights Intuit as a strong growth stock—reiterating solid fundamentals, revenue growth drivers (SMB & consumer tax products), and favorable style scores that support longer‑term investor interest. Here’s Why Intuit is a Strong Growth Stock
• Neutral Sentiment: Goldman Sachs initiated coverage with a Neutral (hold) rating and a $720 price target — the PT implies meaningful upside, but the neutral stance tempers near‑term buying momentum; Goldman also cited AI adoption as a tailwind. Goldman Sachs Assumes Coverage of Intuit
• Neutral Sentiment: Zacks also flagged INTU as drawing above‑average investor attention recently — increased search/traffic can precede volatility but isn’t directional on its own. Intuit is Attracting Investor Attention
• Neutral Sentiment: Coverage noting INTU “outperforms competitors despite losses” points to relative strength within the sector even as the stock pulls back—useful context for active traders and longs. Intuit outperforms competitors despite losses
• Negative Sentiment: Articles noting that Intuit’s stock “sinks as market gains” emphasize short‑term selling pressure and market‑wide rotation away from high‑multiple software names; this likely explains today’s decline. Intuit stock sinks as market gains

Analyst Ratings Changes

A number of analysts recently weighed in on INTU shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $700.00 price target (down previously from $840.00) on shares of Intuit in a research note on Thursday, January 8th. TD Cowen started coverage on shares of Intuit in a research note on Thursday, January 8th. They set a “buy” rating and a $802.00 target price for the company. Daiwa Capital Markets raised their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. UBS Group set a $739.00 price objective on Intuit in a research note on Tuesday, January 6th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $794.62.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders 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.