50,000 Shares in Intuit Inc. $INTU Bought by Vista Cima Wealth Management LLC

Key Points

• Vista Cima Wealth Management LLC has acquired a new position in Intuit Inc. by purchasing 50,000 shares worth approximately $31,000, marking the stock as its 17th biggest investment.
• Intuit recently declared a quarterly dividend of $1.20 per share, increasing from the previous dividend of $1.04, with an annual yield of 0.7%.
• The company's latest quarterly results saw earnings per share of $2.75, exceeding analysts' estimates and reflecting a 20.3% revenue increase year-over-year.

Vista Cima Wealth Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the software maker's stock, valued at approximately $31,000. Intuit comprises about 0.0% of Vista Cima Wealth Management LLC's holdings, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in INTU. Vanguard Group Inc. boosted its position in Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after buying an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP increased 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 period. Brown Advisory Inc. boosted its stake in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after buying an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on INTU. Barclays cut their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Citigroup reduced their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. KeyCorp lowered their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Oppenheimer raised their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,488 shares of company stock valued at $56,356,595. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Up 1.0%

INTU stock traded up $6.69 during trading on Wednesday, hitting $668.68. 1,979,251 shares of the stock traded hands, compared to its average volume of 2,098,216. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The stock has a market cap of $186.53 billion, a price-to-earnings ratio of 43.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The firm's 50 day moving average is $743.45 and its two-hundred day moving average is $678.79. Intuit Inc. has a 1 year low of $532.65 and a 1 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 for the quarter, topping the consensus estimate 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 net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts anticipate 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. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is a boost 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 of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is presently 30.28%.

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.