Wealth Enhancement Advisory Services LLC Raises Position in Intuit Inc. $INTU

Wealth Enhancement Advisory Services LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,895 shares of the software maker’s stock after purchasing an additional 9,566 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Intuit were worth $32,173,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of INTU. Vanguard Group Inc. lifted its position in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. State Street Corp increased its stake in shares of Intuit by 1.0% in the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after buying an additional 125,990 shares during the period. Geode Capital Management LLC raised its holdings in Intuit by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after buying an additional 115,721 shares during the last quarter. Norges Bank bought a new stake in Intuit in the 2nd quarter worth $3,268,830,000. Finally, Invesco Ltd. increased its position in shares of Intuit by 13.2% in the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock valued at $2,745,492,000 after acquiring an additional 407,078 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTU. Wells Fargo & Company reissued an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. BMO Capital Markets cut their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Evercore ISI reissued an “outperform” rating and issued a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Finally, Truist Financial assumed coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $794.62.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 388,464 shares of company stock valued at $255,514,393 over the last 90 days. Insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $530.75 on Wednesday. The stock’s 50-day simple moving average is $643.93 and its 200-day simple moving average is $680.05. The company has a market capitalization of $147.69 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.23 and a beta of 1.25. Intuit Inc. has a 52 week low of $526.74 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. Intuit’s payout ratio is presently 32.81%.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.