Corient Private Wealth LLC Buys 6,035 Shares of Intuit Inc. $INTU

Corient Private Wealth LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 4.8% in the second quarter, HoldingsChannel.com reports. The fund owned 131,779 shares of the software maker’s stock after acquiring an additional 6,035 shares during the quarter. Corient Private Wealth LLC’s holdings in Intuit were worth $103,794,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after purchasing an additional 1,433 shares during the period. MUFG Securities EMEA plc purchased a new stake in Intuit during the 2nd quarter valued at $1,733,000. denkapparat Operations GmbH bought a new position in shares of Intuit during the 2nd quarter valued at $830,000. New York Life Investment Management LLC boosted its stake in shares of Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after buying an additional 442 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Intuit by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after buying an additional 152 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 2.4%

Intuit stock opened at $654.60 on Tuesday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The firm has a market capitalization of $182.16 billion, a price-to-earnings ratio of 44.74, a P/E/G ratio of 2.75 and a beta of 1.27. The firm has a 50 day moving average of $656.63 and a 200 day moving average of $703.85. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

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

Intuit Dividend Announcement

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 $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio is currently 32.81%.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 74,095 shares of Intuit stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the sale, the director owned 5,819,584 shares of the company’s stock, valued at approximately $3,816,366,795.52. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s 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 completion of the transaction, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 269,799 shares of company stock worth $176,627,160. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wolfe Research reduced their price objective on Intuit from $900.00 to $870.00 in a research report on Friday, November 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Friday, November 21st. Daiwa Capital Markets raised their price objective on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Wells Fargo & Company reduced their target price on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Finally, Barclays decreased their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

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.