905 Shares in Intuit Inc. $INTU Bought by Summitry LLC

Summitry LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 905 shares of the software maker’s stock, valued at approximately $713,000.

Several other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC increased its stake in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the last quarter. Dogwood Wealth Management LLC increased its position in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares in the last quarter. True Wealth Design LLC raised its stake in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new position in Intuit in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was 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 in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,407 shares of company stock valued at $1,614,913. Company insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Citigroup dropped their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Price Performance

NASDAQ:INTU opened at $662.41 on Friday. The company has a market capitalization of $184.68 billion, a P/E ratio of 48.21, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock’s fifty day moving average is $667.47 and its two-hundred day moving average is $706.62.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $1.99 EPS. The company’s quarterly 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. Equities analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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 an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is currently 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.