Ifrah Financial Services Inc. Makes New $221,000 Investment in Intuit Inc. $INTU

Ifrah Financial Services Inc. bought a new position in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 281 shares of the software maker’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock worth $1,130,718,000 after buying an additional 82,419 shares during the period. Vident Advisory LLC boosted its holdings in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after buying an additional 8,510 shares during the period. Circle Wealth Management LLC boosted its holdings in shares of Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock worth $2,119,000 after buying an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock worth $10,922,000 after buying an additional 623 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit 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 value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 completion of the sale, the director owned 6,162,547 shares of the company’s stock, valued at $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 over the last ninety days. 2.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus decreased their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Oppenheimer raised their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. UBS Group decreased their price target 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, CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Price Performance

NASDAQ INTU opened at $661.39 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $184.40 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25. The company has a 50 day moving average price of $675.52 and a two-hundred day moving average price of $694.60. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

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.