D.A. Davidson & CO. Raises Position in Intuit Inc. $INTU

D.A. Davidson & CO. grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.1% during the second quarter, HoldingsChannel reports. The firm owned 10,366 shares of the software maker’s stock after purchasing an additional 109 shares during the quarter. D.A. Davidson & CO.’s holdings in Intuit were worth $8,165,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 82,419 shares during the period. Vident Advisory LLC lifted its stake in shares of 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 purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of 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 purchasing an additional 623 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 1.0%

Shares of NASDAQ INTU opened at $677.72 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a market cap of $188.95 billion, a P/E ratio of 49.32, a P/E/G ratio of 2.59 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $672.45 and a 200 day moving average price of $697.02.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm earned $1.99 EPS. The firm’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. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced 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. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. Intuit’s payout ratio is 34.93%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s 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 completion of the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 over the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Oppenheimer upped their price objective on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. UBS Group dropped their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

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.