Wealth Enhancement Advisory Services LLC Acquires 6,794 Shares of Intuit Inc. $INTU

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Intuit Inc. by 20.9% during Q2, now owning shares valued at $30.70 million.
• Intuit recently announced a quarterly dividend of $1.20, which represents a significant increase from the previous quarterly dividend of $1.04, with an annual yield of 0.7%.
• In its latest earnings report, Intuit exceeded expectations with earnings per share of $2.75 and revenue of $3.83 billion, marking a 20.3% increase year-over-year.

Wealth Enhancement Advisory Services LLC raised its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,329 shares of the software maker's stock after buying an additional 6,794 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Intuit were worth $30,702,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in INTU. Brighton Jones LLC lifted its position in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after acquiring an additional 482 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Intuit by 14.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 248 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in Intuit by 46.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,511 shares of the software maker's stock valued at $1,579,000 after purchasing an additional 798 shares during the period. Finally, Connecticut Wealth Management LLC grew its position in Intuit by 2.2% in the 4th quarter. Connecticut Wealth Management LLC now owns 1,195 shares of the software maker's stock worth $751,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded up $16.15 during trading on Monday, reaching $704.07. The stock had a trading volume of 1,318,302 shares, compared to its average volume of 1,843,908. The stock has a market capitalization of $196.29 billion, a PE ratio of 51.21, a P/E/G ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The business's 50-day moving average price is $715.45 and its 200 day moving average price is $686.08. 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 issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company 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 $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's dividend payout ratio is 30.28%.

Analysts Set New Price Targets

Several research firms recently weighed in on INTU. UBS Group reduced their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Bank of America lowered their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Barclays dropped their price objective on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, CLSA began coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Insider Activity at Intuit

In other news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares of the company's stock, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock worth $7,558,613. Insiders own 2.68% of the company's stock.

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.