Intuit Inc. $INTU Stake Lifted by Advisory Services Network LLC

Advisory Services Network LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 26.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,596 shares of the software maker’s stock after buying an additional 2,812 shares during the quarter. Advisory Services Network LLC’s holdings in Intuit were worth $10,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. KMG Fiduciary Partners LLC boosted its position in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares during the period. Pinnacle Bancorp Inc. lifted its stake 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 acquiring an additional 14 shares during the period. Weaver Capital Management LLC increased its stake in shares of 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 acquiring an additional 14 shares during the period. May Hill Capital LLC lifted its position in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after purchasing an additional 14 shares during the period. 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 in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Wolfe Research reduced their price objective on shares of Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, Rothschild & Co Redburn increased their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 74,095 shares of Intuit stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total value of $48,590,019.10. Following the completion of the transaction, the director owned 5,819,584 shares in the company, valued at approximately $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 269,799 shares of company stock valued at $176,627,160. 2.49% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $670.92 on Monday. The firm has a market capitalization of $186.70 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.75 and a beta of 1.27. 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 business has a fifty day simple moving average of $656.94 and a 200 day simple moving average of $704.58. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

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

Intuit Dividend Announcement

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

About Intuit

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.