Integrity Alliance LLC. Boosts Stock Position in Intuit Inc. $INTU

Key Points

• Integrity Alliance LLC increased its stake in Intuit Inc. by 105.5% in Q1, now owning 783 shares valued at $481,000.
• Analysts have mixed outlooks on Intuit, with price targets ranging from $725 to $880, but the stock maintains an average rating of "Moderate Buy."
• Intuit has announced a quarterly dividend increase to $1.20 per share, to be paid on October 17th, representing a 0.7% yield.

Integrity Alliance LLC. grew its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 105.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 783 shares of the software maker's stock after purchasing an additional 402 shares during the period. Integrity Alliance LLC.'s holdings in Intuit were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Copia Wealth Management acquired a new position in Intuit in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in Intuit in the fourth quarter valued at approximately $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit in the first quarter valued at approximately $31,000. TD Capital Management LLC lifted 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 valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Intuit in the first quarter valued at approximately $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on INTU shares. Stifel Nicolaus decreased their price target on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. UBS Group decreased their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets upped their price target on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Performance

NASDAQ:INTU opened at $646.03 on Friday. The firm has a market capitalization of $180.11 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. The business's fifty day moving average price is $725.50 and its 200 day moving average price is $683.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. 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 posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is 30.28%.

Insider Activity

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. The trade was a 79.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,879 shares of company stock valued at $7,558,613. Insiders own 2.68% of the company's stock.

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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