Worth Asset Management LLC Invests $1.42 Million in Intuit Inc. $INTU

Key Points

• Worth Asset Management LLC has acquired 1,802 shares of Intuit Inc. valued at approximately $1.4 million, marking a new stake in the company during the 2nd quarter.
• Intuit's CFO Sandeep Aujla sold 2,591 shares for approximately $2.03 million, significantly reducing his position by over 77%.
• Intuit recently declared a quarterly dividend increase to $1.20, up from $1.04, with an ex-dividend date set for October 9th.

Worth Asset Management LLC bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,802 shares of the software maker's stock, valued at approximately $1,419,000.

Several other hedge funds also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in Intuit during the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC bought a new position in Intuit in the 1st quarter valued at $31,000. CBIZ Investment Advisory Services LLC raised its position in Intuit by 1,566.7% in the 1st 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. Finally, TD Capital Management LLC raised its position in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTU shares. BMO Capital Markets boosted their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. dropped their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Citigroup decreased their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Stock Performance

Shares of INTU traded down $2.52 during mid-day trading on Tuesday, reaching $699.57. The company's stock had a trading volume of 593,357 shares, compared to its average volume of 1,842,896. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The business has a 50-day simple moving average of $714.44 and a two-hundred day simple moving average of $686.73. The stock has a market cap of $195.04 billion, a P/E ratio of 50.98, a PEG ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 EPS. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. 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, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed 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 an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is presently 30.28%.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 2,591 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,879 shares of company stock valued at $7,558,613. Corporate insiders own 2.68% of the company's stock.

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.