Precision Wealth Strategies LLC Invests $827,000 in Intuit Inc. $INTU

Key Points

• Precision Wealth Strategies LLC invested $827,000 in Intuit Inc. by acquiring 1,050 shares during the 2nd quarter, as reported in their latest SEC filing.
• Intuit recently increased its quarterly dividend from $1.04 to $1.20, representing an annualized yield of 0.7%, with payment scheduled for October 17th.
• Despite its strong performance, Wall Street analysts have lowered price targets for Intuit, with Bank of America setting a new target of $800, while one analyst maintains a "Strong Buy" rating.

Precision Wealth Strategies LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,050 shares of the software maker's stock, valued at approximately $827,000.

Other large investors also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Intuit in the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD grew its stake in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock worth $646,613,000 after purchasing an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INTU shares. Bank of America cut their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Citigroup cut their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company's stock, 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. Insiders sold a total of 2,785 shares of company stock valued at $2,029,299 in the last three months. Company insiders own 2.68% of the company's stock.

Intuit Stock Down 0.5%

Intuit stock opened at $679.50 on Thursday. The business's 50-day simple moving average is $705.06 and its two-hundred day simple moving average is $690.39. 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 cap of $189.44 billion, a PE ratio of 49.45, a PEG ratio of 2.64 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company's revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current 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. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

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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