Evexia Wealth LLC Buys 11,007 Shares of Intuit Inc. $INTU

Evexia Wealth LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 51.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,379 shares of the software maker’s stock after purchasing an additional 11,007 shares during the period. Intuit comprises 3.9% of Evexia Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Evexia Wealth LLC’s holdings in Intuit were worth $14,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the third quarter valued at approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the fourth quarter valued at approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total transaction of $80,144.80. Following the sale, the director owned 12,042 shares of the company’s stock, valued at approximately $3,398,252.40. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 955 shares of company stock valued at $273,855 in the last three months. 2.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INTU shares. Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. TD Cowen decreased their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Stifel Nicolaus restated a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a report on Wednesday. Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $511.35.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest quarterly results were solid, with EPS and revenue both beating estimates and revenue rising 10.4% year over year, while Credit Karma continued to show traction with 15% revenue growth. Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Positive Sentiment: Some commentary remains constructive on Intuit’s AI strategy, with the company pushing automation across tax, accounting, and marketing tools and repositioning itself around AI-driven products. Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI
• Neutral Sentiment: Intuit raised about $1.74 billion through senior notes, which adds financial flexibility but also increases leverage slightly. Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target sharply to $275 from $375, citing growth concerns and the risk that guidance could come down as pricing changes take effect. Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Several reports say the stock has been hit by AI fears and a steep post-earnings selloff, with investors questioning whether growth can reaccelerate soon. Intuit (INTU) Down 13.1% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Intuit also faces legal overhang after law firms announced investigations into possible securities fraud tied to pricing issues and the stock’s sharp decline. Investor Rights Alert: Intuit (INTU) is being Investigated by BFA Law for Securities Fraud after Pricing Issues Cause 20% Stock Drop

Intuit Stock Performance

Shares of Intuit stock opened at $267.00 on Monday. Intuit Inc. has a one year low of $259.23 and a one year high of $813.70. The company has a market cap of $73.04 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $349.67 and its 200 day moving average price is $460.02.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.65 earnings per share. 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, research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

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

Intuit Profile

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.