BetterWealth LLC Buys Shares of 397 Intuit Inc. $INTU

Key Points

• BetterWealth LLC has acquired a new stake in Intuit Inc., purchasing 397 shares valued at approximately $313,000 in the second quarter.
• Several institutional investors, including Copia Wealth Management and CBIZ Investment Advisory Services, have also increased their positions in Intuit, indicating strong interest from hedge funds.
• Analysts have mixed views on Intuit, with target price adjustments from various brokerages, resulting in an average target price of $797.62 amidst a consensus rating of "Moderate Buy."

BetterWealth LLC bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 397 shares of the software maker's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after acquiring an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. grew its stake in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was 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. In the last quarter, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by company insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $14.17 on Monday, hitting $702.09. The company's stock had a trading volume of 2,403,184 shares, compared to its average volume of 2,059,445. The company has a market capitalization of $195.74 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. 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 stock's 50-day moving average is $714.44 and its two-hundred day moving average is $686.73. 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 issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the business earned $1.99 earnings per share. Intuit's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is currently 30.28%.

Analyst Ratings Changes

Several equities research analysts have commented on INTU shares. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. BMO Capital Markets boosted their price objective on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. KeyCorp reduced their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Bank of America reduced their target price on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

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.