Axxcess Wealth Management LLC Raises Position in Intuit Inc. $INTU

Key Points

• Axxcess Wealth Management LLC increased its holdings in Intuit Inc. by 7.5% during the second quarter, owning 8,025 shares worth approximately $6.3 million as of its latest filing.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20 per share, reflecting an annual yield of 0.7%, with the payment set for October 17th.
• Analyst ratings for Intuit show a consensus of Moderate Buy with a price target of $791.82, amid a mix of rating changes from various financial institutions.

Axxcess Wealth Management LLC increased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,025 shares of the software maker's stock after purchasing an additional 563 shares during the quarter. Axxcess Wealth Management LLC's holdings in Intuit were worth $6,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in INTU. Nuveen LLC purchased a new position in Intuit in the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD increased its position in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after acquiring an additional 375,742 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after acquiring an additional 358,328 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 a number of analyst reports. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. UBS Group decreased their price objective 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. Rothschild & Co Redburn boosted their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares of the company's stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock valued at $1,614,913 over the last quarter. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $655.68 on Tuesday. 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 current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day moving average is $684.34 and its 200 day moving average is $694.59. The stock has a market capitalization of $182.80 billion, a P/E ratio of 47.72, a P/E/G ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly 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. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company earned $1.99 earnings per share. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, 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 disclosed 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. The ex-dividend date of this dividend is Thursday, October 9th. 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%. Intuit's payout ratio is presently 34.93%.

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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