Axxcess Wealth Management LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 371.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,838 shares of the software maker’s stock after buying an additional 26,667 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Intuit were worth $22,416,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the 1st quarter valued at about $785,564,000. Sivia Capital Partners LLC grew its stake in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its stake in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Oppenheimer dropped their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp dropped their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday. Northcoast Research dropped their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays dropped their price target on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday. Twenty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.29.
Insider Buying and Selling
In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.49% of the stock is owned by company insiders.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
- Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
- Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands
Intuit Trading Up 4.2%
NASDAQ INTU opened at $319.94 on Friday. The company’s fifty day simple moving average is $403.55 and its 200-day simple moving average is $510.51. Intuit Inc. has a 52 week low of $302.36 and a 52 week high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The stock has a market cap of $87.52 billion, a P/E ratio of 19.38, a PEG ratio of 1.23 and a beta of 1.04.
Intuit (NASDAQ:INTU – Get Free Report) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the company posted $11.65 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit Inc. will post 17.44 EPS for the current fiscal year.
Intuit Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.
Intuit 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.
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