Atlantic Union Bankshares Corp Takes $265,000 Position in Intuit Inc. $INTU

Atlantic Union Bankshares Corp purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 336 shares of the software maker’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westside Investment Management Inc. increased its stake in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the period. Dogwood Wealth Management LLC increased its holdings in shares of Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC bought a new position in Intuit in the first quarter worth about $31,000. CBIZ Investment Advisory Services LLC lifted its position in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Intuit in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several research analyst reports. Barclays dropped their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Rothschild & Co Redburn raised their price objective on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction 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 sale, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last 90 days. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

NASDAQ INTU opened at $648.85 on Friday. The stock has a 50-day moving average of $668.65 and a two-hundred day moving average of $705.20. The company has a market cap of $180.90 billion, a P/E ratio of 47.22, a P/E/G ratio of 2.53 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 Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 earnings per share. 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, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors 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 an increase 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%.

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.