DAVENPORT & Co LLC Acquires 942 Shares of Intuit Inc. $INTU

DAVENPORT & Co LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,363 shares of the software maker’s stock after buying an additional 942 shares during the quarter. DAVENPORT & Co LLC’s holdings in Intuit were worth $15,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC boosted its position in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in Intuit during the first quarter valued at $31,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC grew its position in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after buying an additional 46 shares during the period. Finally, Olde Wealth Management LLC purchased a new position in Intuit during the 1st quarter valued at about $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

NASDAQ INTU opened at $670.09 on Tuesday. The company has a 50-day moving average price of $698.38 and a 200-day moving average price of $693.21. 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 firm has a market capitalization of $186.82 billion, a P/E ratio of 48.77, a PEG ratio of 2.62 and a beta of 1.25. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period last 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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTU shares. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the company an “overweight” rating in a research note on Friday, June 13th. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. CLSA began coverage on Intuit in a research note on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price on the stock. Finally, Barclays reduced their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the sale, the director directly owned 15,474 shares of the company’s stock, 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 have sold a total of 1,570 shares of company stock valued at $1,078,640 in the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Intuit Company 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.