Dakota Wealth Management Has $2.84 Million Stake in Intuit Inc. $INTU

Key Points

• Dakota Wealth Management reduced its stake in Intuit Inc. by 12.9% to $2.84 million, owning 3,611 shares after selling 533 in the second quarter.
• Analyst ratings on Intuit have mostly been positive, with the average rating being a "Moderate Buy" and a consensus target price of $791.82.
• Intuit recently announced a higher quarterly dividend of $1.20 per share, up from $1.04, indicating strong performance as the company reported a significant earnings increase year-over-year.

Dakota Wealth Management lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,611 shares of the software maker's stock after selling 533 shares during the period. Dakota Wealth Management's holdings in Intuit were worth $2,844,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Copia Wealth Management bought a new position in shares of Intuit during the 4th quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC lifted its position in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management lifted its position in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock worth $39,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Oppenheimer lifted their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. 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. 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 given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Stock Down 0.3%

Intuit stock opened at $692.68 on Friday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The firm has a market capitalization of $193.12 billion, a price-to-earnings ratio of 50.41, a P/E/G ratio of 2.68 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $711.13 and a 200 day simple moving average of $687.65.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business earned $1.99 EPS. Intuit's revenue 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, analysts predict 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 $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the business'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 completion of 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 Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares of the company's stock, valued at $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,141 shares of company stock worth $6,195,865 in the last three months. Insiders own 2.68% of the company's stock.

Intuit Company 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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