310 Shares in Intuit Inc. $INTU Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, Holdings Channel.com reports. The firm purchased 310 shares of the software maker’s stock, valued at approximately $244,000.

Other hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC boosted its position in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Olde Wealth Management LLC bought a new stake in Intuit in the 1st quarter valued at $37,000. Finally, Activest Wealth Management lifted its stake in Intuit by 3,050.0% in the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. KeyCorp lowered their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Finally, CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price on the stock. 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 assigned a Sell rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Trading Down 0.3%

Shares of NASDAQ INTU opened at $679.94 on Monday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a market cap of $189.57 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. The business has a fifty day simple moving average of $700.95 and a two-hundred day simple moving average of $692.75. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced 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. The firm 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 business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. 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 yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction dated 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 $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is currently 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.