IronOak Wealth LLC. Takes Position in Intuit Inc. $INTU

Key Points

• IronOak Wealth LLC acquired a new stake in Intuit Inc., buying 3,198 shares valued at approximately $2.5 million, which represents about 2.4% of their portfolio.
• Intuit's recent quarterly earnings report indicated a 20.3% year-over-year revenue growth, with earnings per share of $2.75 surpassing expectations of $2.66.
• Intuit announced an increase in its quarterly dividend to $1.20, up from $1.04, reflecting a positive change for shareholders.

IronOak Wealth LLC. purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,198 shares of the software maker's stock, valued at approximately $2,519,000. Intuit accounts for 2.4% of IronOak Wealth LLC.'s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after buying an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after acquiring an additional 358,328 shares during the period. Brown Advisory Inc. grew its position in shares of Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock valued at $7,558,613 in the last 90 days. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $14.17 during trading on Monday, hitting $702.09. 2,403,184 shares of the company were exchanged, compared to its average volume of 2,059,445. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a market capitalization of $195.74 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The business's 50 day moving average is $714.44 and its 200-day moving average is $686.73.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results 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. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is an increase 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 is Thursday, October 9th. Intuit's payout ratio is 30.28%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. BMO Capital Markets upped their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Finally, Barclays cut their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average target price of $797.62.

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.