Anchor Investment Management LLC Boosts Holdings in Intuit Inc. $INTU

Anchor Investment Management LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,442 shares of the software maker’s stock after purchasing an additional 54 shares during the quarter. Anchor Investment Management LLC’s holdings in Intuit were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Copia Wealth Management purchased a new stake in Intuit in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the 4th quarter valued at $28,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter valued at $31,000. TD Capital Management LLC raised its position in shares of 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 buying an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter valued at $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTU has been the topic of several research reports. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the company a “buy” rating in a research report on Friday, May 23rd. BMO Capital Markets raised their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. UBS Group lowered their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Citigroup lowered their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $797.62.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on 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 owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,213 shares of company stock worth $7,115,570. 2.68% of the stock is currently owned by insiders.

Intuit Price Performance

INTU stock opened at $656.26 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm’s fifty day moving average is $730.66 and its 200 day moving average is $681.80. The firm has a market cap of $182.97 billion, a P/E ratio of 47.76, a P/E/G ratio of 2.59 and a beta of 1.26.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm earned $1.99 EPS. The firm’s quarterly revenue 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 predict that Intuit Inc. will post 14.09 earnings per share for the current 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 issued a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s payout ratio is 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.