Premier Path Wealth Partners LLC Purchases 202 Shares of Intuit Inc. $INTU

Premier Path Wealth Partners LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 9.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,236 shares of the software maker’s stock after buying an additional 202 shares during the period. Premier Path Wealth Partners LLC’s holdings in Intuit were worth $1,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KMG Fiduciary Partners LLC raised its holdings in shares of Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after buying an additional 14 shares during the period. Weaver Capital Management LLC raised its stake in Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after buying an additional 14 shares in the last quarter. May Hill Capital LLC raised its stake in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after buying an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its holdings in Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after buying an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last ninety days. Company insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $656.04 on Thursday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market cap of $182.90 billion, a PE ratio of 47.75, a P/E/G ratio of 2.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50-day simple moving average of $669.80 and a two-hundred day simple moving average of $701.57.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (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 the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Analyst Ratings Changes

INTU has been the topic of a number of analyst reports. Rothschild & Co Redburn lifted their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Morgan Stanley lowered their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Oppenheimer lifted their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $791.82.

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.