Focus Partners Advisor Solutions LLC Grows Stock Holdings in Intuit Inc. $INTU

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Intuit Inc. by 18.4% during the second quarter, owning 3,301 shares valued at approximately $2.6 million.
• Intuit recently announced a quarterly dividend of $1.20 per share, up from the previous $1.04, with a current annual yield of 0.7%.
• Analysts have mixed expectations for Intuit, with target price adjustments from firms like Barclays and UBS Group, while maintaining a consensus rating of "Moderate Buy".

Focus Partners Advisor Solutions LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 18.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,301 shares of the software maker's stock after purchasing an additional 514 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Intuit were worth $2,598,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in INTU. Brighton Jones LLC lifted its holdings in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after acquiring an additional 482 shares during the last quarter. Wealth Group Ltd. purchased a new position in Intuit in the 1st quarter worth approximately $493,000. GAMMA Investing LLC raised its holdings in Intuit by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 4,602 shares of the software maker's stock worth $2,826,000 after acquiring an additional 554 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its holdings in Intuit by 27.7% in the 1st quarter. Pure Financial Advisors LLC now owns 415 shares of the software maker's stock worth $255,000 after acquiring an additional 90 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a 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 for the company in a report on Friday, August 22nd. Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a research report on Saturday. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Trading Up 0.8%

NASDAQ:INTU opened at $683.09 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market cap of $190.45 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The company has a 50 day simple moving average of $671.78 and a two-hundred day simple moving average of $699.05.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The company'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. Research analysts forecast 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 was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 34.93%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,407 shares of company stock valued at $1,614,913. Company insiders own 2.68% of the company's stock.

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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