Ashton Thomas Private Wealth LLC Sells 659 Shares of Intuit Inc. $INTU

Key Points

• Ashton Thomas Private Wealth LLC reduced its holdings in Intuit Inc. by 11.4% during Q1, now owning 5,106 shares worth approximately $3.135 million.
• Analysts have varying views on INTU, with a consensus rating of "Moderate Buy" and a target price of $797.62, reflecting updates from firms like Evercore ISI and Morgan Stanley.
• Intuit announced an increase in its quarterly dividend to $1.20 per share, with a payment date of October 17, which is a rise from the previous $1.04 per share dividend.

Ashton Thomas Private Wealth LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,106 shares of the software maker's stock after selling 659 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Intuit were worth $3,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $28,000. TD Capital Management LLC grew its holdings 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 valued at $34,000 after buying an additional 46 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Intuit during the first quarter valued at approximately $37,000. Finally, Activest Wealth Management grew its holdings in shares of Intuit by 3,050.0% during the first quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on INTU shares. Evercore ISI raised their target price on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Morgan Stanley dropped their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Activity

In other news, CFO Sandeep Aujla sold 42 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the sale, the director owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,213 shares of company stock worth $7,115,570. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of Intuit stock traded down $0.79 on Tuesday, hitting $670.89. 1,254,198 shares of the company's stock were exchanged, compared to its average volume of 2,090,479. The company has a 50-day simple moving average of $733.01 and a 200-day simple moving average of $681.97. The stock has a market capitalization of $187.04 billion, a PE ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

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

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 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.