NorthRock Partners LLC Acquires 234 Shares of Intuit Inc. $INTU

NorthRock Partners LLC boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,644 shares of the software maker’s stock after buying an additional 234 shares during the quarter. NorthRock Partners LLC’s holdings in Intuit were worth $2,870,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in shares of Intuit by 2.1% in the second quarter. Verdence Capital Advisors LLC now owns 1,044 shares of the software maker’s stock worth $822,000 after purchasing an additional 21 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Intuit by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,152 shares of the software maker’s stock worth $19,023,000 after buying an additional 100 shares in the last quarter. Concord Asset Management LLC VA lifted its holdings in shares of Intuit by 1.7% in the second quarter. Concord Asset Management LLC VA now owns 2,811 shares of the software maker’s stock worth $2,214,000 after buying an additional 48 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after buying an additional 1,433 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of Intuit by 24.0% in the second quarter. Vest Financial LLC now owns 6,208 shares of the software maker’s stock worth $4,890,000 after buying an additional 1,200 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred 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 completion of the transaction, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Trading Down 0.5%

NASDAQ INTU opened at $641.79 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. The company’s 50-day simple moving average is $686.93 and its two-hundred day simple moving average is $694.20. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $1.99 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 34.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INTU shares. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. CLSA initiated coverage on shares of Intuit in a research note on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target on the stock. Finally, Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given 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 $791.82.

Intuit 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.