Syverson Strege & Co Makes New $349,000 Investment in Intuit Inc. $INTU

Syverson Strege & Co bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 443 shares of the software maker’s stock, valued at approximately $349,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bordeaux Wealth Advisors LLC acquired a new stake in Intuit during the 2nd quarter worth approximately $343,000. Scholtz & Company LLC lifted its holdings in Intuit by 8.8% during the 2nd quarter. Scholtz & Company LLC now owns 7,768 shares of the software maker’s stock worth $6,118,000 after buying an additional 628 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Intuit by 16.0% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,451 shares of the software maker’s stock valued at $1,143,000 after purchasing an additional 200 shares in the last quarter. AMG National Trust Bank raised its holdings in shares of Intuit by 6.8% in the 2nd quarter. AMG National Trust Bank now owns 1,405 shares of the software maker’s stock valued at $1,107,000 after purchasing an additional 90 shares in the last quarter. Finally, Creekmur Asset Management LLC raised its holdings in shares of Intuit by 34.7% in the 2nd quarter. Creekmur Asset Management LLC now owns 505 shares of the software maker’s stock valued at $398,000 after purchasing an additional 130 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $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. In the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Trading Up 1.7%

NASDAQ INTU opened at $667.55 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’s fifty day moving average price is $669.06 and its 200 day moving average price is $701.77. The company has a market capitalization of $186.11 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm 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. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed 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 represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is 34.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INTU shares. UBS Group reduced their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Morgan Stanley reduced their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup reduced their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Bank of America reduced their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Rothschild & Co Redburn raised their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus target price of $791.82.

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.