Sax Wealth Advisors LLC Makes New $322,000 Investment in Intuit Inc. $INTU

Key Points

• Sax Wealth Advisors LLC has invested $322,000 in Intuit Inc., acquiring 409 shares during the 2nd quarter.
• Intuit's CFO recently sold 1,170 shares, representing a 47.46% decrease in their position, while the company is experiencing significant institutional interest, owning 83.66% of its stock.
• Intuit reported a record revenue of $3.83 billion for the last quarter, exceeding analysts' expectations, and initiated a dividend of $1.20 per share with a yield of 0.7%.

Sax Wealth Advisors LLC acquired a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 409 shares of the software maker's stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. raised its stake in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Vident Advisory LLC raised its stake in Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares in the last quarter. Circle Wealth Management LLC raised its stake in Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company's stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last three months. 2.68% of the stock is owned by corporate insiders.

Intuit Price Performance

INTU stock opened at $644.92 on Friday. The company has a 50 day simple moving average of $689.62 and a 200 day simple moving average of $692.95. The stock has a market cap of $179.80 billion, a price-to-earnings ratio of 46.94, a P/E/G ratio of 2.54 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts anticipate that Intuit Inc. will post 14.09 EPS 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 a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is currently 30.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup dropped their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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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