Accurate Wealth Management LLC Boosts Holdings in Intuit Inc. $INTU

Key Points

• Accurate Wealth Management LLC increased its holdings in Intuit Inc. by 96.8% during the 2nd quarter, owning 1,285 shares valued at approximately $963,000.
• Multiple institutional investors have bought stakes in Intuit, with total institutional ownership now at 83.66%.
• Intuit announced a quarterly dividend increase to $1.20 per share, up from $1.04, representing an annual yield of 0.7%.

Accurate Wealth Management LLC increased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 96.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,285 shares of the software maker's stock after purchasing an additional 632 shares during the quarter. Accurate Wealth Management LLC's holdings in Intuit were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit during the 4th quarter worth approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit in the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC grew its position in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares in the last quarter. Finally, TD Capital Management LLC grew its position in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the sale, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. The trade was a 79.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alex G. Balazs sold 882 shares of the company's 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 disclosure for this sale can be found here. Insiders have sold 9,879 shares of company stock worth $7,558,613 in the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. CLSA assumed coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. decreased 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $694.79 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $712.39 and a 200-day simple moving average of $686.87. The company has a market cap of $193.71 billion, a PE ratio of 50.57, a P/E/G ratio of 2.70 and a beta of 1.26. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm earned $1.99 EPS. The firm's 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. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 30.28%.

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.

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