297 Shares in Intuit Inc. $INTU Purchased by Balboa Wealth Partners

Balboa Wealth Partners purchased a new position in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 297 shares of the software maker’s stock, valued at approximately $234,000.

A number of other hedge funds have also bought and sold shares of the business. Swan Global Investments LLC purchased a new position in Intuit in the 2nd quarter worth about $279,000. Calamos Wealth Management LLC increased its position in shares of Intuit by 136.6% during the 2nd quarter. Calamos Wealth Management LLC now owns 3,639 shares of the software maker’s stock valued at $2,866,000 after purchasing an additional 2,101 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in Intuit by 36.2% in the 2nd quarter. Salomon & Ludwin LLC now owns 94 shares of the software maker’s stock worth $73,000 after acquiring an additional 25 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Intuit by 5.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 10,275 shares of the software maker’s stock worth $7,973,000 after acquiring an additional 487 shares in the last quarter. Finally, Arcus Capital Partners LLC purchased a new stake in Intuit in the 2nd quarter worth approximately $937,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $675.04 on Wednesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock’s 50-day moving average is $673.93 and its 200 day moving average is $696.36. The company has a market cap of $188.20 billion, a P/E ratio of 49.13, a PEG ratio of 2.57 and a beta of 1.25. 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 (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $1.99 earnings per share. The company’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. Research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTU. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Barclays lowered their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. KeyCorp decreased their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. 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 quarter. 2.68% of the stock is currently owned by company insiders.

Intuit 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.