Summit Investment Advisors Inc. Purchases 182 Shares of Intuit Inc. $INTU

Summit Investment Advisors Inc. boosted its position in Intuit Inc. (NASDAQ:INTU) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,844 shares of the software maker’s stock after acquiring an additional 182 shares during the period. Summit Investment Advisors Inc.’s holdings in Intuit were worth $7,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. AE Wealth Management LLC grew its position in shares of Intuit by 45.4% during the 2nd quarter. AE Wealth Management LLC now owns 7,460 shares of the software maker’s stock worth $5,876,000 after buying an additional 2,331 shares during the period. Paradigm Asset Management Co. LLC bought a new position in Intuit in the second quarter valued at approximately $1,181,000. Fox Run Management L.L.C. acquired a new stake in Intuit during the 2nd quarter worth $931,000. Metis Global Partners LLC raised its position in shares of Intuit by 2.8% during the 2nd quarter. Metis Global Partners LLC now owns 18,359 shares of the software maker’s stock valued at $14,460,000 after acquiring an additional 508 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Intuit in the 2nd quarter valued at $85,000. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 in the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INTU shares. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Oppenheimer upped their price objective 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. JPMorgan Chase & Co. dropped their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. UBS Group reduced their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Stock Performance

Shares of Intuit stock opened at $648.85 on Friday. 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 firm has a market cap of $180.90 billion, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock’s 50-day moving average is $668.65 and its 200-day moving average is $704.35.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company posted $1.99 earnings per share. The firm’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. Equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a dividend of $1.20 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s payout ratio is presently 34.93%.

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.