Baird Financial Group Inc. Boosts Stake in Intuit Inc. $INTU

Baird Financial Group Inc. grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,621 shares of the software maker’s stock after buying an additional 14,399 shares during the quarter. Baird Financial Group Inc.’s holdings in Intuit were worth $87,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. KMG Fiduciary Partners LLC grew its stake in Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after buying an additional 14 shares during the last quarter. Weaver Capital Management LLC grew its position in Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after buying an additional 14 shares during the period. May Hill Capital LLC increased its holdings in Intuit by 4.2% during the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after buying an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists raised its position in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,836 shares of company stock worth $1,235,203 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. BMO Capital Markets decreased their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $798.20.

Intuit Price Performance

Shares of NASDAQ INTU opened at $647.68 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market cap of $180.23 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.27. The stock has a fifty day moving average of $659.98 and a 200-day moving average of $706.34.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS 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 return on equity of 23.52% and a net margin of 21.19%.The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.