Avidian Wealth Enterprises LLC Takes $382,000 Position in Intuit Inc. $INTU

Key Points

• Avidian Wealth Enterprises LLC has acquired a new position in Intuit Inc., purchasing 484 shares for approximately $382,000 during the second quarter.
• Insider selling has been noted, with CFO Sandeep Aujla selling 1,170 shares valued at over $792,000, decreasing his ownership by 47.46%.
• Intuit has announced a quarterly dividend of $1.20, an increase from the previous $1.04, and has set its full-year EPS guidance for FY 2026 between $22.980 and $23.180.

Avidian Wealth Enterprises LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 484 shares of the software maker's stock, valued at approximately $382,000.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after buying an additional 82,419 shares during the period. Vident Advisory LLC raised its stake in Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after buying an additional 8,510 shares during the period. Circle Wealth Management LLC raised its stake in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc raised its stake in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company's stock.

Intuit Stock Performance

INTU stock opened at $670.77 on Thursday. The firm has a market cap of $187.01 billion, a PE ratio of 48.82, a P/E/G ratio of 2.61 and a beta of 1.25. 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 has a 50 day moving average of $673.11 and a 200-day moving average of $696.19. 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 released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, sell-side analysts expect 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 was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. 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 of this dividend was Thursday, October 9th. Intuit's dividend payout ratio is currently 34.93%.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Citigroup decreased their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. CLSA assumed coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective for the company. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

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.

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