NewEdge Wealth LLC Purchases 1,952 Shares of Intuit Inc. $INTU

NewEdge Wealth LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,502 shares of the software maker’s stock after acquiring an additional 1,952 shares during the quarter. NewEdge Wealth LLC’s holdings in Intuit were worth $4,970,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INTU. NEOS Investment Management LLC grew its position in shares of Intuit by 63.8% during the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co grew its position in shares of Intuit by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in shares of Intuit during the third quarter worth about $1,465,000. Crossmark Global Holdings Inc. boosted its stake in Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after purchasing an additional 10,661 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INTU. The Goldman Sachs Group reduced their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Stifel Nicolaus reduced their price objective on shares of Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Mizuho reduced their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

Intuit Stock Performance

NASDAQ:INTU opened at $393.29 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70. The stock’s 50 day simple moving average is $417.02 and its two-hundred day simple moving average is $528.40. The company has a market cap of $108.76 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.59 and a beta of 1.04.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $3.32 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s payout ratio is presently 31.09%.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by insiders.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.