Optimize Financial Inc Invests $218,000 in Intuit Inc. $INTU

Optimize Financial Inc purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 355 shares of the software maker’s stock, valued at approximately $218,000.

Several other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its position in shares of Intuit by 15.9% during the first quarter. Empowered Funds LLC now owns 8,134 shares of the software maker’s stock worth $4,994,000 after acquiring an additional 1,113 shares during the last quarter. Peloton Wealth Strategists grew its position in shares of Intuit by 0.3% during the first 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. MBB Public Markets I LLC bought a new position in shares of Intuit during the first quarter worth about $323,000. Ascent Group LLC grew its position in shares of Intuit by 40.3% during the first quarter. Ascent Group LLC now owns 1,602 shares of the software maker’s stock worth $984,000 after acquiring an additional 460 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of Intuit during the first quarter worth about $3,892,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,213 shares of company stock worth $7,115,570 in the last ninety days. Insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $670.89 on Wednesday. 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 firm has a market capitalization of $187.04 billion, a PE ratio of 48.83, a P/E/G ratio of 2.59 and a beta of 1.26. The firm has a 50-day moving average price of $733.01 and a 200 day moving average price of $681.97.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the company earned $1.99 EPS. Intuit’s 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. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm 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. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is currently 30.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on INTU shares. Citigroup lowered their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus lowered their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Evercore ISI increased their target price on shares of Intuit from $685.00 to $785.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Oppenheimer increased their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, BMO Capital Markets increased their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $797.62.

Intuit 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.