Sagespring Wealth Partners LLC Buys 675 Shares of Intuit Inc. $INTU

Sagespring Wealth Partners LLC boosted its stake in Intuit Inc. (NASDAQ:INTU) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,887 shares of the software maker’s stock after acquiring an additional 675 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Intuit were worth $3,061,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock worth $1,130,718,000 after buying an additional 82,419 shares in the last quarter. Vident Advisory LLC lifted its position in Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after buying an additional 8,510 shares in the last quarter. Circle Wealth Management LLC lifted its position in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock worth $2,119,000 after buying an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock worth $10,922,000 after buying an additional 623 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INTU. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Citigroup cut their price target 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, Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Intuit Stock Up 2.2%

Shares of INTU opened at $655.68 on Tuesday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a market cap of $182.80 billion, a P/E ratio of 47.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. The firm’s 50-day simple moving average is $684.34 and its 200 day simple moving average is $694.59. 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 (NASDAQ:INTU) last announced its quarterly earnings results 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 EPS. Intuit’s quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

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.