Buck Wealth Strategies LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,972 shares of the software maker’s stock after buying an additional 1,487 shares during the quarter. Intuit accounts for about 1.5% of Buck Wealth Strategies LLC’s investment portfolio, making the stock its 27th biggest position. Buck Wealth Strategies LLC’s holdings in Intuit were worth $11,905,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Joseph Group Capital Management bought a new position in Intuit in the fourth quarter worth approximately $25,000. MTM Investment Management LLC grew its stake in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Intuit in the third quarter worth approximately $33,000. Richardson Financial Services Inc. grew its stake in Intuit by 70.0% in the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock worth $35,000 after purchasing an additional 21 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Wolfe Research set a $550.00 price objective on Intuit and gave the stock an “outperform” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. lowered their target price on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday, February 27th. KeyCorp lowered their target price on Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $850.00 to $600.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Scotiabank set a $575.00 target price on Intuit in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $636.10.
Insider Buying and Selling at Intuit
In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.49% of the company’s stock.
Intuit Stock Performance
Shares of INTU stock opened at $396.31 on Friday. The firm has a market capitalization of $109.60 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day moving average of $416.74 and a 200 day moving average of $532.27. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.
Intuit Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is presently 31.09%.
Intuit Profile
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
See Also
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