Intuit Inc. $INTU Shares Bought by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC increased its holdings in Intuit Inc. by 96.5% in the second quarter, owning 2,075 shares valued at approximately $1.6 million.
• Insider transactions include EVP Alex G. Balazs selling 882 shares for nearly $690,000 and CFO Sandeep Aujla selling 2,591 shares for over $2 million, indicating significant insider activity.
• Intuit recently declared a quarterly dividend increase to $1.20 per share from the previous $1.04, highlighting its commitment to returning value to shareholders.

Aaron Wealth Advisors LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 96.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,075 shares of the software maker's stock after buying an additional 1,019 shares during the period. Aaron Wealth Advisors LLC's holdings in Intuit were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in Intuit in the 4th quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth about $28,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC raised its holdings in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC purchased a new position in shares of Intuit in the 1st quarter worth about $37,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of NASDAQ INTU traded up $12.28 during trading on Thursday, reaching $674.96. The stock had a trading volume of 3,006,621 shares, compared to its average volume of 2,141,777. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. 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 has a market cap of $188.18 billion, a PE ratio of 49.12, a P/E/G ratio of 2.56 and a beta of 1.26. The firm's 50 day moving average price is $716.65 and its two-hundred day moving average price is $684.44.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results 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 return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $1.99 EPS. The business's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a dividend of $1.20 per share. 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 an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 30.28%.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of the business's stock in a transaction that occurred 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 owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value 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 represents a 77.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on INTU shares. Piper Sandler restated an "overweight" rating and issued a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Citigroup dropped their target price on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average price target of $797.62.

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.