Insight Wealth Strategies LLC Takes Position in Intuit Inc. $INTU

Key Points

• Insight Wealth Strategies LLC acquired a stake in Intuit Inc. worth approximately $2.57 million, purchasing 3,291 shares during the second quarter.
• Intuit's recent quarterly earnings report showed an EPS of $2.75, exceeding analysts' estimates, with a quarterly revenue of $3.83 billion, reflecting a year-over-year increase of 20.3%.
• The company announced an increase in its quarterly dividend to $1.20, up from $1.04, with the annualized yield now at 0.7% and a payout ratio of 30.28%.

Insight Wealth Strategies LLC bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,291 shares of the software maker's stock, valued at approximately $2,566,000.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after buying an additional 82,419 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after buying an additional 8,510 shares in the last quarter. Circle Wealth Management LLC lifted its stake in shares of Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Intuit stock opened at $646.03 on Friday. 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 market capitalization of $180.11 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. The company's 50 day simple moving average is $725.50 and its 200-day simple moving average is $683.46. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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. The firm 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 business's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, equities research 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 issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Transactions at Intuit

In related news, CAO Lauren D. Hotz sold 1,738 shares of Intuit stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares in the company, valued at approximately $356,760.95. The trade was a 79.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction that occurred on Tuesday, July 8th. The shares were 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. In the last ninety days, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INTU. Piper Sandler reissued an "overweight" rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a "buy" rating in a research note on Friday, May 23rd. KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. UBS Group reduced their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.