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

Key Points

• Vista Cima Wealth Management LLC has made a new investment in Intuit Inc., purchasing 50,000 shares valued at approximately $31,000.
• Intuit recently raised its quarterly dividend from $1.04 to $1.20, with the dividend payment set for October 17th.
• Intuit reported a 20.3% increase in quarterly revenue year-over-year, with earnings per share of $2.75, surpassing analyst estimates of $2.66.

Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,000 shares of the software maker's stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INTU. Copia Wealth Management purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter valued at approximately $28,000. TD Capital Management LLC boosted its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter worth $37,000. Finally, Banque Transatlantique SA purchased a new position in shares of Intuit in the first quarter worth $37,000. Institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. The Goldman Sachs Group upped their target price on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Oppenheimer increased their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Insider Transactions at Intuit

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

NASDAQ:INTU traded down $14.49 during mid-day trading on Friday, hitting $646.03. 2,202,010 shares of the company traded hands, compared to its average volume of 2,153,284. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average price is $725.50 and its 200-day moving average price is $683.06. The firm has a market cap of $180.11 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. 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 posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.99 earnings per share. The business's revenue for the quarter 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. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is an increase 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%. Intuit's dividend payout ratio (DPR) is currently 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.