Intuit Inc. $INTU Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,203 shares of the software maker’s stock after selling 484 shares during the quarter. Intuit accounts for about 1.6% of Segment Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Segment Wealth Management LLC’s holdings in Intuit were worth $24,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dogwood Wealth Management LLC boosted its holdings in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC boosted its holdings in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after acquiring an additional 47 shares during the period. TD Capital Management LLC boosted its holdings in 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 acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, 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 transaction of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares of the company’s stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

INTU stock opened at $679.94 on Friday. 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 $189.57 billion, a P/E ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The stock’s 50 day simple moving average is $700.95 and its 200 day simple moving average is $691.50.

Intuit (NASDAQ:INTU) last posted its quarterly 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 business 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 business’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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, equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is currently 30.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on INTU shares. Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. BMO Capital Markets upped their price target on Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an “overweight” rating in a report on Friday, June 13th. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.