Rench Wealth Management Inc. Purchases 7,966 Shares of Intuit Inc. $INTU

Key Points

• Rench Wealth Management nearly doubled its Intuit stake in the second quarter, purchasing 7,966 additional shares to hold 16,451 shares valued at approximately $4.29 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit reported quarterly EPS of $4.03, beating estimates of $3.58, while revenue rose 13.7% year over year to $4.35 billion. The company also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst sentiment remains mixed: 17 analysts rate Intuit a Buy, 11 a Hold and three a Sell, producing a consensus Hold rating and an average price target of $434.68.

Rench Wealth Management Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 93.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,451 shares of the software maker's stock after purchasing an additional 7,966 shares during the quarter. Rench Wealth Management Inc.'s holdings in Intuit were worth $4,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiduciary Financial Advisors bought a new position in shares of Intuit in the second quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new position in Intuit during the 2nd quarter worth approximately $26,000. MidFirst Bank bought a new position in Intuit in the 2nd quarter valued at approximately $28,000. Finally, HHM Wealth Advisors LLC lifted its stake in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup decreased their target price on shares of Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a research note on Wednesday, August 26th. Evercore reaffirmed an "outperform" rating on shares of Intuit in a report on Tuesday, August 18th. Northcoast Research dropped their target price on Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Mizuho cut their price target on Intuit from $500.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, August 17th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Intuit has a consensus rating of "Hold" and an average price target of $434.68.

Intuit Stock Performance

Shares of Intuit stock opened at $313.94 on Thursday. The stock has a market cap of $85.88 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 0.91 and a beta of 0.98. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company's fifty day moving average is $319.26 and its 200 day moving average is $352.77. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company earned $2.75 EPS. Intuit's revenue for the quarter was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts forecast that Intuit Inc. will post 23.49 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a boost from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.8%. Intuit's dividend payout ratio (DPR) is currently 29.09%.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 285 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,760 shares of company stock worth $561,683 over the last quarter. 2.49% of the stock is currently owned by company insiders.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: An interview highlighted Intuit’s use of artificial intelligence in financial management and everyday money tools. Continued AI development could support product adoption, efficiency, and long-term growth. Kitchen table finances: Intuit on AI and everyday money management
• Neutral Sentiment: Director Richard Dalzell sold 285 Intuit shares for approximately $92,728, reducing his direct ownership by 2.41%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it may be less concerning than an unexpected discretionary sale. Intuit insider transaction filing
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws and seeking damages for investors. The lawsuit covers different purchase periods depending on the filing, while multiple firms promoted lead-plaintiff deadlines on September 8. The repeated announcements increase headline and potential legal-risk pressure, although the allegations have not been proven. Pomerantz Intuit class-action announcement Rosen Law Firm Intuit investor notice
• Negative Sentiment: A reported decision by Baron Durable Advantage Fund to exit Intuit during the second quarter adds evidence of institutional selling pressure, though the disclosure reflects an earlier investment decision and does not necessarily indicate a change in current fundamentals. Baron Durable Advantage Fund portfolio changes

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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