1,802 Shares in Intuit Inc. $INTU Bought by Worth Asset Management LLC

Worth Asset Management LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,802 shares of the software maker’s stock, valued at approximately $1,419,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after buying an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Brown Advisory Inc. increased its stake in Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock valued at $2,114,950,000 after buying an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after buying an additional 36,513 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares in the company, valued at $600,744.96. This represents a 77.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the 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 transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,879 shares of company stock worth $7,558,613 in the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $825.00 price target (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Susquehanna restated a “positive” rating on shares of Intuit in a research note on Friday, May 23rd. Morgan Stanley lowered 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 boosted their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $797.62.

Intuit Stock Up 1.9%

Shares of INTU opened at $674.96 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a market cap of $188.18 billion, a P/E ratio of 49.12, a price-to-earnings-growth ratio of 2.56 and a beta of 1.26. The firm’s 50-day simple moving average is $716.65 and its 200 day simple moving average is $684.44. 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 analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 EPS. Intuit’s quarterly revenue 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. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 30.28%.

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.