348 Shares in Intuit Inc. $INTU Bought by Nicholas Wealth LLC.

Nicholas Wealth LLC. purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 348 shares of the software maker’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of INTU. Dorsey Wright & Associates acquired a new position in shares of Intuit in the 2nd quarter valued at approximately $5,238,000. Renaissance Group LLC acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $35,711,000. Brown Wealth Management LLC bought a new position in Intuit in the second quarter valued at approximately $243,000. Investidor Profissional Gestao de Recursos Ltda. raised its position in Intuit by 9.8% during the second quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 885 shares of the software maker’s stock valued at $697,000 after purchasing an additional 79 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Intuit by 13.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,348 shares of the software maker’s stock valued at $1,849,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTU. Citigroup lowered their target price on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. UBS Group lowered their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Evercore ISI reissued an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Rothschild & Co Redburn increased their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $799.35.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was 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. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Up 0.6%

INTU opened at $649.73 on Wednesday. Intuit Inc. has a twelve month low of $532.65 and a twelve month 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 fifty day moving average of $666.53 and a 200-day moving average of $707.46. The stock has a market cap of $181.15 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit 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.