Intuit Inc. $INTU Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,264 shares of the software maker’s stock after buying an additional 160 shares during the quarter. Venturi Wealth Management LLC’s holdings in Intuit were worth $3,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KMG Fiduciary Partners LLC raised its stake in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after buying an additional 14 shares during the last quarter. Peloton Wealth Strategists raised its stake in shares of Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after buying an additional 15 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after buying an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. raised its stake in shares of Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 1.8%

NASDAQ INTU opened at $657.99 on Wednesday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a 50-day moving average of $695.41 and a 200-day moving average of $692.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $183.45 billion, a P/E ratio of 47.89, a P/E/G ratio of 2.59 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $1.99 EPS. The company’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. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the sale, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,740 shares of company stock valued at $1,870,800 in the last 90 days. 2.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTU has been the subject of several research reports. UBS Group cut their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Bank of America cut their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Company 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.