Intuit Inc. $INTU Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 5.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,579 shares of the software maker’s stock after purchasing an additional 141 shares during the period. Valeo Financial Advisors LLC’s holdings in Intuit were worth $2,031,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after acquiring an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock valued at $2,114,950,000 after acquiring an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. increased its stake 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 valued at $1,890,282,000 after acquiring an additional 36,513 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the company’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 value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the company’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 value of $27,929.58. Following the completion of the transaction, the chief financial officer owned 831 shares of the company’s stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,570 shares of company stock worth $1,078,640 in the last 90 days. 2.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an “overweight” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. dropped their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Saturday, September 27th. Finally, KeyCorp decreased their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Intuit Stock Down 1.4%

NASDAQ INTU opened at $670.09 on Tuesday. The stock has a market cap of $186.82 billion, a PE ratio of 48.77, a P/E/G ratio of 2.62 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The business has a 50 day moving average price of $698.38 and a two-hundred 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.

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 analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal 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 issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is currently 30.28%.

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.