Financial Council LLC Takes $216,000 Position in Intuit Inc. $INTU

Financial Council LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 274 shares of the software maker’s stock, valued at approximately $216,000.

Several other hedge funds have also recently made changes to their positions in the business. KMG Fiduciary Partners LLC raised its position in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after buying an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists grew its holdings in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after purchasing an additional 15 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after purchasing an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. grew its holdings in Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock valued at $3,069,000 after purchasing an additional 16 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of INTU stock 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 company has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25. The company’s 50-day simple moving average is $700.95 and its two-hundred day simple moving average is $691.50. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $1.99 earnings per share. The company’s quarterly 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. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s payout ratio is 30.28%.

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director owned 15,474 shares in the company, valued at approximately $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 2,785 shares of company stock valued at $2,029,299 in the last ninety days. Company insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INTU shares. CLSA started coverage on shares of Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, BMO Capital Markets upped their price target on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $791.82.

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.