Angeles Wealth Management LLC Buys 264 Shares of Intuit Inc. $INTU

Angeles Wealth Management LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 43.6% in the second quarter, Holdings Channel reports. The institutional investor owned 870 shares of the software maker’s stock after purchasing an additional 264 shares during the period. Angeles Wealth Management LLC’s holdings in Intuit were worth $685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in Intuit by 30.6% during the 2nd quarter. Nordea Investment Management AB now owns 875,558 shares of the software maker’s stock valued at $686,954,000 after buying an additional 205,314 shares in the last quarter. Consilio Wealth Advisors LLC bought a new position in Intuit during the 2nd quarter valued at approximately $240,000. Barlow Wealth Partners Inc. increased its position in Intuit by 1.1% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 17,639 shares of the software maker’s stock valued at $13,647,000 after buying an additional 195 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new position in Intuit during the 2nd quarter valued at approximately $273,000. Finally, Barden Capital Management Inc. bought a new position in Intuit during the 2nd quarter valued at approximately $824,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. UBS Group reduced their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. reduced their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, Oppenheimer lifted their target price on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. One investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Stock Performance

Shares of INTU opened at $661.39 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The firm has a market capitalization of $184.40 billion, a P/E ratio of 48.14, a PEG ratio of 2.50 and a beta of 1.25. The business has a fifty day moving average of $675.52 and a 200 day moving average of $694.60.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. Intuit’s 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, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio is presently 34.93%.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of Intuit 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 directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. Company insiders own 2.68% of the company’s stock.

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.