Oliver Luxxe Assets LLC Has $433,000 Holdings in Intuit Inc. $INTU

Key Points

• Oliver Luxxe Assets LLC reduced its stake in Intuit Inc. by 35.9%, selling 395 shares and now holding a total of 705 shares worth approximately $433,000.
• Various institutional investors have modified their positions, with notable increases from Invesco Ltd. by 1.2% and Charles Schwab Investment Management by 4.7% during the first quarter.
• Intuit's stock currently has an average rating of "Moderate Buy" from analysts, with the consensus price target set at $797.62.

Oliver Luxxe Assets LLC trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 35.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 705 shares of the software maker's stock after selling 395 shares during the period. Oliver Luxxe Assets LLC's holdings in Intuit were worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Copia Wealth Management bought a new position in Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the fourth quarter valued at $28,000. Olde Wealth Management LLC bought a new position in Intuit in the first quarter valued at about $37,000. Atlantic Edge Private Wealth Management LLC increased its position in Intuit by 523.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after purchasing an additional 68 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in Intuit in the first quarter worth about $50,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 0.4%

NASDAQ:INTU traded up $2.58 during trading hours on Tuesday, hitting $659.54. The stock had a trading volume of 3,762,506 shares, compared to its average volume of 2,044,962. The business's 50 day moving average is $752.75 and its 200-day moving average is $675.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. The company has a market cap of $183.98 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 2.57 and a beta of 1.28. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $1.99 EPS. The firm's 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. Sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend 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 is currently 30.28%.

Insider Activity at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,650 shares of company stock valued at $113,959,883 over the last 90 days. Insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday. CLSA started coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. UBS Group dropped their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Stifel Nicolaus cut 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.