Gilman Hill Asset Management LLC Takes Position in Intuit Inc. $INTU

Gilman Hill Asset Management LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, HoldingsChannel reports. The fund bought 265 shares of the software maker’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Channel Wealth LLC raised its stake in shares of Intuit by 27.6% in the second quarter. Channel Wealth LLC now owns 485 shares of the software maker’s stock valued at $382,000 after acquiring an additional 105 shares during the period. Pallas Capital Advisors LLC raised its stake in shares of Intuit by 281.7% in the second quarter. Pallas Capital Advisors LLC now owns 1,584 shares of the software maker’s stock valued at $1,248,000 after acquiring an additional 1,169 shares during the period. Baron Wealth Management LLC purchased a new stake in shares of Intuit in the second quarter valued at $249,000. Aaron Wealth Advisors LLC raised its stake in shares of Intuit by 96.5% in the second quarter. Aaron Wealth Advisors LLC now owns 2,075 shares of the software maker’s stock valued at $1,634,000 after acquiring an additional 1,019 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Intuit in the second quarter valued at $601,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the transaction, the chief accounting officer directly owned 455 shares of the company’s stock, valued at $356,760.95. The trade was a 79.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock worth $7,558,613 over the last ninety days. 2.68% of the stock is currently owned by insiders.

Intuit Stock Up 1.7%

NASDAQ:INTU opened at $662.68 on Thursday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market capitalization of $184.76 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.51 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company’s 50-day simple moving average is $718.11 and its 200-day simple moving average is $683.93.

Intuit (NASDAQ:INTU) last released its quarterly 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 company’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business earned $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. On average, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is 34.93%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTU. Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a “buy” rating in a report on Friday, May 23rd. BMO Capital Markets upped their price target 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, Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $797.62.

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.