Insight Wealth Strategies LLC Increases Stock Position in Intuit Inc. $INTU

Insight Wealth Strategies LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 85.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,092 shares of the software maker’s stock after purchasing an additional 2,801 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Intuit were worth $4,160,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. raised its position in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter valued at about $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Down 2.4%

Shares of INTU stock opened at $654.60 on Tuesday. The stock has a market cap of $182.16 billion, a P/E ratio of 44.74, a P/E/G ratio of 2.75 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The business has a fifty day simple moving average of $656.63 and a 200-day simple moving average of $703.85.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $2.50 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Daiwa Capital Markets increased their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reiterated an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the sale, the director owned 5,893,679 shares of the company’s stock, valued at approximately $3,882,991,472.36. This trade represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 269,799 shares of company stock valued at $176,627,160. 2.49% of the stock is owned by insiders.

Intuit Company 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.