Ashton Thomas Securities LLC Reduces Position in Intuit Inc. $INTU

Ashton Thomas Securities LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 4.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 611 shares of the software maker’s stock after selling 27 shares during the period. Ashton Thomas Securities LLC’s holdings in Intuit were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTU. Dogwood Wealth Management LLC increased its stake in Intuit by 111.8% in 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 during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC grew its holdings in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth about $37,000. Finally, Activest Wealth Management lifted its holdings in Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock valued at $39,000 after buying an additional 61 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction 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 owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,785 shares of company stock valued at $2,029,299 over the last three months. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INTU shares. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an “overweight” rating in a research report on Friday, June 13th. Finally, Morgan Stanley dropped their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Trading Down 0.3%

Shares of NASDAQ INTU opened at $679.94 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The business has a fifty day moving average price of $700.95 and a 200 day moving average price of $691.50.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (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 quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.99 earnings per share. 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 expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s payout ratio is 30.28%.

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.