Sound View Wealth Advisors Group LLC Boosts Stake in Intuit Inc. $INTU

Sound View Wealth Advisors Group LLC lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 924 shares of the software maker’s stock after purchasing an additional 188 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Intuit were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of INTU. Rathbones Group PLC increased its position in shares of Intuit by 4.1% in the second quarter. Rathbones Group PLC now owns 313,703 shares of the software maker’s stock valued at $247,082,000 after buying an additional 12,429 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Intuit by 6.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 555,370 shares of the software maker’s stock valued at $437,426,000 after acquiring an additional 35,645 shares during the period. Parkside Financial Bank & Trust increased its holdings in Intuit by 2.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,186 shares of the software maker’s stock worth $934,000 after acquiring an additional 33 shares in the last quarter. Freemont Management S.A. raised its position in Intuit by 30.0% during the second quarter. Freemont Management S.A. now owns 1,300 shares of the software maker’s stock worth $1,024,000 after acquiring an additional 300 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in Intuit by 298.2% during the second quarter. Los Angeles Capital Management LLC now owns 36,759 shares of the software maker’s stock worth $28,952,000 after acquiring an additional 27,528 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

INTU has been the subject of a number of research reports. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Morgan Stanley lowered their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Oppenheimer raised their target price on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Trading Down 0.7%

Shares of Intuit stock opened at $648.85 on Monday. The stock 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 stock’s 50 day simple moving average is $668.65 and its 200-day simple moving average is $705.97. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. 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 (NASDAQ:INTU) last posted 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. 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 analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. 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.