Intuit Inc. $INTU Shares Bought by Howe & Rusling Inc.

Key Points

• Howe & Rusling Inc. increased its stake in Intuit Inc. by 93.1%, now holding 20,985 shares valued at approximately $12.88 million.
• Directors Scott D. Cook and Richard L. Dalzell sold shares of Intuit, with Cook selling 529 shares and Dalzell 333 shares, both reducing their ownership stakes in the company.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20 per share, marking a 15.4% increase, with the dividend yield now at 0.7%.

Howe & Rusling Inc. raised its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 93.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,985 shares of the software maker's stock after acquiring an additional 10,118 shares during the quarter. Intuit accounts for about 1.1% of Howe & Rusling Inc.'s investment portfolio, making the stock its 26th largest holding. Howe & Rusling Inc.'s holdings in Intuit were worth $12,884,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INTU. Brighton Jones LLC grew its position 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 worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after buying an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock worth $1,252,000 after buying an additional 248 shares in the last quarter. Graham Capital Management L.P. grew its position in shares of Intuit by 15.0% during the fourth quarter. Graham Capital Management L.P. now owns 1,150 shares of the software maker's stock worth $723,000 after buying an additional 150 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Intuit during the fourth quarter worth approximately $237,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

INTU stock opened at $660.52 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 stock has a market capitalization of $184.16 billion, a price-to-earnings ratio of 48.07, a PEG ratio of 2.53 and a beta of 1.26. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock's fifty day moving average is $728.22 and its two-hundred day moving average is $682.44.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results 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. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last 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. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current 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 paid 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 is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTU. Piper Sandler reissued an "overweight" rating and set a $825.00 price target (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. Finally, Citigroup reduced their price objective on Intuit from $815.00 to $803.00 and set a "buy" 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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