Vise Technologies Inc. Makes New Investment in Intuit Inc. $INTU

Vise Technologies Inc. acquired a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,391 shares of the software maker’s stock, valued at approximately $5,033,000.

A number of other large investors also recently bought and sold shares of INTU. Westside Investment Management Inc. lifted its position in shares of Intuit by 161.5% in the second 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 boosted its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC grew its stake in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new position in Intuit in the 1st quarter worth approximately $31,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business’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 completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value 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. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 in the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTU. Citigroup reduced their target price on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Price Performance

Shares of NASDAQ INTU opened at $648.85 on Monday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $180.90 billion, a P/E ratio of 47.22, a PEG ratio of 2.53 and a beta of 1.25. The company’s fifty day moving average is $668.65 and its two-hundred day moving average is $705.97.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The company’s quarterly revenue 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. Analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

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.