Waterway Wealth Management LLC Invests $1.41 Million in Intuit Inc. $INTU

Waterway Wealth Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,064 shares of the software maker’s stock, valued at approximately $1,410,000. Intuit makes up about 0.3% of Waterway Wealth Management LLC’s portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTU. Midwest Trust Co boosted its position in shares of Intuit by 5.6% in the 3rd quarter. Midwest Trust Co now owns 18,176 shares of the software maker’s stock valued at $12,413,000 after purchasing an additional 968 shares during the period. Rockland Trust Co. grew its position in shares of Intuit by 0.5% during the third quarter. Rockland Trust Co. now owns 37,230 shares of the software maker’s stock worth $25,425,000 after acquiring an additional 200 shares during the last quarter. First National Trust Co increased its holdings in shares of Intuit by 10.4% in the 3rd quarter. First National Trust Co now owns 1,130 shares of the software maker’s stock valued at $772,000 after acquiring an additional 106 shares during the period. Gallagher Capital Advisors LLC purchased a new stake in Intuit in the 3rd quarter valued at $1,677,000. Finally, Edgemoor Investment Advisors Inc. purchased a new position in Intuit during the 3rd quarter worth $1,371,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. KeyCorp cut their price target on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Truist Financial started coverage on Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Finally, UBS Group set a $739.00 price target on Intuit in a research note on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $779.58.

Intuit Trading Down 1.4%

NASDAQ:INTU opened at $437.50 on Tuesday. Intuit Inc. has a 52-week low of $411.11 and a 52-week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $602.40 and a 200-day simple moving average of $653.94. The company has a market capitalization of $121.74 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $2.50 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s payout ratio is 32.81%.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.