Intuit Inc. $INTU Stock Holdings Decreased by Pacific Point Advisors LLC

Pacific Point Advisors LLC lowered its position in Intuit Inc. (NASDAQ:INTUFree Report) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,430 shares of the software maker’s stock after selling 74 shares during the period. Intuit comprises approximately 2.3% of Pacific Point Advisors LLC’s holdings, making the stock its 6th largest position. Pacific Point Advisors LLC’s holdings in Intuit were worth $4,277,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KMG Fiduciary Partners LLC lifted its position in shares of Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake in Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the last quarter. Peloton Wealth Strategists increased its stake in Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Intuit by 0.9% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after acquiring an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. grew its holdings in shares of Intuit by 0.3% in the first 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 in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. KeyCorp dropped 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. BMO Capital Markets lifted their target price on Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus lowered their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Check Out Our Latest Analysis on Intuit

Intuit Price Performance

INTU opened at $682.91 on Wednesday. The business has a fifty day moving average of $706.99 and a 200 day moving average of $690.46. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. 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 stock has a market cap of $190.40 billion, a P/E ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26.

Intuit (NASDAQ:INTUGet Free Report) last released its 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. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $1.99 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. 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 anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the sale, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction 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. Insiders have sold 5,376 shares of company stock valued at $4,056,031 over the last 90 days. 2.68% of the stock is currently owned by insiders.

About Intuit

(Free Report)

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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