Intuit Inc. $INTU Shares Acquired by Vest Financial LLC

Vest Financial LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 41.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,785 shares of the software maker’s stock after purchasing an additional 2,577 shares during the quarter. Vest Financial LLC’s holdings in Intuit were worth $5,999,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC boosted its stake in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its position in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. Sagard Holdings Management Inc. acquired a new stake in Intuit in the 2nd quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its position in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of Intuit stock opened at $524.92 on Thursday. The business has a 50-day simple moving average of $641.24 and a 200-day simple moving average of $678.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a one year low of $520.69 and a one year high of $813.70. The company has a market cap of $146.07 billion, a PE ratio of 35.88, a P/E/G ratio of 2.16 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Friday, November 21st. Independent Research set a $875.00 target price on Intuit in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Truist Financial assumed coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $794.62.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last three months. Corporate insiders own 2.49% of the company’s stock.

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.