Arete Wealth Advisors LLC Has $602,000 Stock Position in Intuit Inc. $INTU

Arete Wealth Advisors LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 981 shares of the software maker’s stock after purchasing an additional 47 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Intuit were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC boosted its stake in Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after purchasing an additional 8,510 shares in the last quarter. Circle Wealth Management LLC raised its position in shares of Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock worth $2,119,000 after acquiring an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock worth $10,922,000 after acquiring an additional 623 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $670.89 on Wednesday. The business’s 50 day moving average is $733.01 and its 200-day moving average is $681.97. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $187.04 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company earned $1.99 EPS. The company’s 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 research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis 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 30.28%.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares of the company’s stock, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,213 shares of company stock worth $7,115,570. 2.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

INTU has been the subject of a number of recent research reports. Susquehanna restated a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus lowered their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an “overweight” rating in a research report on Friday, June 13th. Finally, UBS Group reduced their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $797.62.

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.