Klingman & Associates LLC Invests $530,000 in Intuit Inc. $INTU

Klingman & Associates LLC purchased a new position in Intuit Inc. (NASDAQ:INTU) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 673 shares of the software maker’s stock, valued at approximately $530,000.

A number of other institutional investors have also recently made changes to their positions in the company. Avidian Wealth Enterprises LLC acquired a new stake in shares of Intuit in the second quarter worth approximately $382,000. Drive Wealth Management LLC lifted its position in Intuit by 4.9% during the second quarter. Drive Wealth Management LLC now owns 1,487 shares of the software maker’s stock worth $1,171,000 after buying an additional 69 shares in the last quarter. Canvas Wealth Advisors LLC lifted its position in Intuit by 3.5% during the second quarter. Canvas Wealth Advisors LLC now owns 738 shares of the software maker’s stock worth $589,000 after buying an additional 25 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in Intuit by 3.4% during the second quarter. Princeton Global Asset Management LLC now owns 4,117 shares of the software maker’s stock worth $3,242,000 after buying an additional 137 shares in the last quarter. Finally, Schnieders Capital Management LLC lifted its position in Intuit by 44.0% during the second quarter. Schnieders Capital Management LLC now owns 537 shares of the software maker’s stock worth $423,000 after buying an additional 164 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. UBS Group reduced their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn lifted their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Price Performance

NASDAQ:INTU opened at $675.04 on Wednesday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. 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 company has a market capitalization of $188.20 billion, a P/E ratio of 49.13, a P/E/G ratio of 2.57 and a beta of 1.25. The stock’s fifty day moving average is $673.93 and its two-hundred day moving average is $696.36.

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

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is presently 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.