Focus Partners Wealth Has $84.06 Million Holdings in Intuit Inc. $INTU

Focus Partners Wealth lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,907 shares of the software maker’s stock after selling 9,209 shares during the period. Focus Partners Wealth’s holdings in Intuit were worth $84,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter worth $28,000. Vista Cima Wealth Management LLC bought a new position in Intuit in the 1st quarter worth $31,000. TD Capital Management LLC raised its holdings in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC bought a new position in Intuit in the 1st quarter worth $37,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president directly owned 19 shares of the company’s stock, valued at approximately $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,213 shares of company stock valued at $7,115,570. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $670.89 on Wednesday. The stock has a market cap of $187.04 billion, a P/E ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. The company’s 50-day simple moving average is $733.01 and its 200 day simple moving average is $681.97. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business 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%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is currently 30.28%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an “overweight” rating in a report on Friday, June 13th. Susquehanna reiterated a “positive” rating on shares of Intuit in a report on Friday, May 23rd. KeyCorp dropped their target price 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. BMO Capital Markets lifted their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, CLSA assumed coverage on shares of Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $797.62.

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.