Axxcess Wealth Management LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 7.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,025 shares of the software maker’s stock after purchasing an additional 563 shares during the period. Axxcess Wealth Management LLC’s holdings in Intuit were worth $6,321,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC grew its holdings in shares of Intuit by 4.0% during the second quarter. Revolve Wealth Partners LLC now owns 859 shares of the software maker’s stock valued at $677,000 after buying an additional 33 shares during the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Intuit by 22.2% during the second quarter. Cornerstone Wealth Group LLC now owns 1,034 shares of the software maker’s stock valued at $814,000 after buying an additional 188 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of Intuit by 6.9% during the second quarter. NorthRock Partners LLC now owns 3,644 shares of the software maker’s stock valued at $2,870,000 after buying an additional 234 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Intuit by 2.1% during the second quarter. Verdence Capital Advisors LLC now owns 1,044 shares of the software maker’s stock valued at $822,000 after buying an additional 21 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Intuit by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,152 shares of the software maker’s stock valued at $19,023,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Analyst Upgrades and Downgrades
INTU has been the topic of a number of research analyst reports. CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price objective on the stock. Citigroup lowered their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective 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 research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.
Insider Activity
In other news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction 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 sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last three months. Company insiders own 2.68% of the company’s stock.
Intuit Stock Up 2.2%
Shares of INTU stock opened at $655.68 on Tuesday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock has a market cap of $182.80 billion, a P/E ratio of 47.72, a P/E/G ratio of 2.48 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $684.34 and a two-hundred day simple moving average of $694.59.
Intuit (NASDAQ:INTU – Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company earned $1.99 earnings per share. The firm’s revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.
Intuit Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is 34.93%.
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.
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