Archford Capital Strategies LLC Trims Position in Intuit Inc. $INTU

Key Points

• Archford Capital Strategies LLC reduced its holdings in Intuit Inc. by 51.8% during Q2, now owning 1,613 shares valued at $1,270,000.
• Intuit announced an increase in its quarterly dividend from $1.04 to $1.20 per share, with the dividend to be paid on October 17th.
• Analysts have mixed ratings on Intuit, with one Strong Buy, twenty Buy, four Hold, and one Sell rating, alongside a consensus target price of $791.82.

Archford Capital Strategies LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 51.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,613 shares of the software maker's stock after selling 1,731 shares during the quarter. Archford Capital Strategies LLC's holdings in Intuit were worth $1,270,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Intuit in the 2nd quarter worth $259,000. Moss Adams Wealth Advisors LLC raised its position in shares of Intuit by 2.0% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 2,695 shares of the software maker's stock worth $2,123,000 after buying an additional 53 shares during the period. GC Wealth Management RIA LLC raised its position in shares of Intuit by 369.6% in the 2nd quarter. GC Wealth Management RIA LLC now owns 3,682 shares of the software maker's stock worth $2,900,000 after buying an additional 2,898 shares during the period. V Square Quantitative Management LLC raised its position in shares of Intuit by 0.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 8,410 shares of the software maker's stock worth $6,624,000 after buying an additional 31 shares during the period. Finally, Scott & Selber Inc. raised its position in shares of Intuit by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 4,240 shares of the software maker's stock worth $3,340,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

INTU has been the topic of several research reports. UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. BMO Capital Markets increased 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. Morgan Stanley cut their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,141 shares of company stock valued at $6,195,865. 2.68% of the stock is currently owned by insiders.

Intuit Trading Up 0.8%

NASDAQ:INTU opened at $698.26 on Monday. The business's 50-day moving average is $710.05 and its two-hundred day moving average is $689.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market capitalization of $194.67 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Intuit Company 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.

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