Allspring Global Investments Holdings LLC Has $12.33 Million Stock Position in Intuit Inc. $INTU

Allspring Global Investments Holdings LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,820 shares of the software maker’s stock after selling 1,571 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Intuit were worth $12,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit in the first quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC raised its stake in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit in the first quarter worth approximately $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Up 2.2%

Shares of NASDAQ INTU opened at $661.39 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. 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 business’s fifty day moving average price is $675.52 and its 200-day moving average price is $694.60. The stock has a market capitalization of $184.40 billion, a PE ratio of 48.14, a P/E/G ratio of 2.50 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued 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 return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is currently 34.93%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was 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 of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit 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 completion of the transaction, the director owned 6,162,547 shares of the company’s stock, valued at approximately $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. Insiders have sold 2,407 shares of company stock valued at $1,614,913 in the last 90 days. Insiders own 2.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTU. KeyCorp lowered their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Morgan Stanley cut their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Intuit from $770.00 to $750.00 and set an “overweight” 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 assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

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.