Bartlett & CO. Wealth Management LLC Buys 2,898 Shares of Intuit Inc. $INTU

Key Points

• Bartlett & CO. Wealth Management LLC increased its stake in Intuit Inc. by 2.3%, acquiring an additional 2,898 shares, bringing its total holdings to 128,910 shares, valued at approximately $101.5 million.
• Intuit announced a new quarterly dividend of $1.20 per share, which marks an increase from its previous dividend and will be paid on October 17th.
• Several analysts have adjusted their price targets for Intuit, with the average target now at $791.82 and a general consensus rating of "Moderate Buy".

Bartlett & CO. Wealth Management LLC grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,910 shares of the software maker's stock after acquiring an additional 2,898 shares during the period. Intuit accounts for 1.4% of Bartlett & CO. Wealth Management LLC's holdings, making the stock its 18th biggest holding. Bartlett & CO. Wealth Management LLC's holdings in Intuit were worth $101,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in INTU. Vista Cima Wealth Management LLC bought a new position in shares of Intuit during the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC grew its holdings in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC grew its holdings in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC purchased a new position in Intuit in the first quarter worth $37,000. Finally, Banque Transatlantique SA purchased a new position in Intuit in the first quarter worth $37,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Over the last quarter, insiders have sold 5,376 shares of company stock valued at $4,056,031. Company insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTU shares. Rothschild & Co Redburn lifted their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. KeyCorp cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, BMO Capital Markets lifted their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the 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 Down 1.7%

INTU opened at $682.91 on Wednesday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week 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. The company has a fifty day moving average of $706.99 and a two-hundred day moving average of $690.46. The stock has a market capitalization of $190.40 billion, a price-to-earnings ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during 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 quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a 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 dividend payout ratio (DPR) is presently 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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