Steward Partners Investment Advisory LLC Has $6.46 Million Holdings in Intuit Inc. $INTU

Steward Partners Investment Advisory LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,198 shares of the software maker’s stock after selling 7,645 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Intuit were worth $6,456,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC raised its holdings in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Intuit during the first quarter valued at approximately $31,000. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 2.9%

Shares of Intuit stock opened at $629.13 on Thursday. 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 business has a fifty day simple moving average of $665.60 and a two-hundred day simple moving average of $707.22. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a market capitalization of $175.15 billion, a price-to-earnings ratio of 45.79, a P/E/G ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.8%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,836 shares of company stock valued at $1,235,203. Corporate insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTU shares. UBS Group decreased their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Wolfe Research lowered their target price on shares of Intuit from $900.00 to $870.00 in a report on Friday, November 21st. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, BMO Capital Markets decreased their price objective on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

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.