Vigilare Wealth Management Acquires 72 Shares of Intuit Inc. $INTU

Vigilare Wealth Management lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 616 shares of the software maker’s stock after purchasing an additional 72 shares during the period. Vigilare Wealth Management’s holdings in Intuit were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INTU. Vista Cima Wealth Management LLC bought a new position in shares of Intuit in the 1st quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC lifted its stake in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the period. Olde Wealth Management LLC bought a new position in shares of Intuit in the 1st quarter worth approximately $37,000. Finally, Banque Transatlantique SA bought a new position in shares of Intuit in the 1st quarter worth approximately $37,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the business’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares of the company’s stock, valued at $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,376 shares of company stock valued at $4,056,031. Company insiders own 2.68% of the company’s stock.

Intuit Stock Down 1.7%

NASDAQ:INTU opened at $682.91 on Wednesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a 50-day moving average of $706.99 and a 200 day moving average of $690.46. The firm has a market cap of $190.40 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping 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 analyst estimates of $3.75 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. The firm’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, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced 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 is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio is presently 30.28%.

Analysts Set New Price Targets

INTU has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Oppenheimer raised their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. cut their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price for the company. Finally, UBS Group cut their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

About Intuit

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.