Wedbush Securities Inc. Purchases 1,303 Shares of Intuit Inc. $INTU

Wedbush Securities Inc. lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 63.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,342 shares of the software maker’s stock after buying an additional 1,303 shares during the quarter. Wedbush Securities Inc.’s holdings in Intuit were worth $2,282,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. May Hill Capital LLC lifted its stake in Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after purchasing an additional 14 shares in the last quarter. Telos Capital Management Inc. raised its position in shares of Intuit by 2.6% in the second quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after buying an additional 15 shares in the last quarter. Mcrae Capital Management Inc. boosted its stake in Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after buying an additional 15 shares during the period. Fort Sheridan Advisors LLC grew its position in Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after buying an additional 15 shares in the last quarter. Finally, BetterWealth LLC increased its stake in Intuit by 3.8% in the 3rd quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after acquiring an additional 15 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Intuit stock opened at $397.96 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $110.74 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 1-year low of $391.15 and a 1-year high of $813.70. The firm has a 50-day moving average of $587.85 and a 200-day moving average of $647.86.

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

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Analyst Ratings Changes

INTU has been the subject of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Evercore reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. TD Cowen dropped their price objective on shares of Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a report on Monday. Wolfe Research cut their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, UBS Group set a $739.00 target price on Intuit in a research note on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $772.42.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by corporate insiders.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit rolled out an AI‑native, purpose‑built Construction Edition for its Intuit Enterprise Suite aimed at mid‑market construction firms — expands addressable market, strengthens ERP/AI cross‑sell opportunities and supports recurring revenue growth. Business Wire: Intuit Launches New AI-Powered Construction Edition
• Neutral Sentiment: BMO Capital kept an Outperform rating but cut its price target (from $810 to $624) — signals confidence in Intuit’s long‑run positioning while lowering near‑term valuation expectations. Yahoo/Fund: BMO Maintains Outperform on Intuit
• Negative Sentiment: Analyst downgrades and continued weak sentiment pushed Intuit to a fresh 52‑week low, intensifying selling pressure and contributing to the stock decline. American Banking News: Intuit Reaches New 52-Week Low Following Analyst Downgrade Investing.com: Intuit stock hits 52-week low
• Negative Sentiment: Unusual options activity: traders bought roughly 184,364 put contracts in a single session (≈1,597% above typical put volume) — signals elevated hedging or directional bearish bets that can amplify downside volatility.
• Negative Sentiment: Legal/HR risk: an employee filed a suit alleging a manager labeled her a “DEI hire,” creating potential reputational and personnel distractions. HCAMag: Employee sues Intuit alleging manager branded her a ‘DEI hire’

Intuit 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.