Intuit Inc. $INTU Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 9.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,564 shares of the software maker’s stock after buying an additional 458 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Intuit were worth $4,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Brighton Jones LLC raised its stake in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Wealth Group Ltd. bought a new stake in shares of Intuit during the first quarter valued at about $493,000. Allspring Global Investments Holdings LLC raised its position in Intuit by 1.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,391 shares of the software maker’s stock worth $10,674,000 after acquiring an additional 187 shares in the last quarter. Finally, Sovran Advisors LLC raised its position in Intuit by 261.0% in the first quarter. Sovran Advisors LLC now owns 1,444 shares of the software maker’s stock worth $845,000 after acquiring an additional 1,044 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. Morgan Stanley dropped their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. KeyCorp dropped 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. Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Bank of America dropped 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Trading Up 0.0%

Shares of NASDAQ INTU opened at $683.39 on Tuesday. The stock has a market cap of $190.53 billion, a price-to-earnings ratio of 49.74, a PEG ratio of 2.64 and a beta of 1.25. The business has a 50 day simple moving average of $671.10 and a 200 day simple moving average of $700.38. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. 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 the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders 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 is an increase from Intuit’s previous quarterly dividend of $1.04. 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%.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’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 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. The trade was 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 90 days. 2.68% of the stock is currently owned by company insiders.

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.