WBI Investments LLC Takes $1.08 Million Position in Intuit Inc. $INTU

WBI Investments LLC bought a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,376 shares of the software maker’s stock, valued at approximately $1,083,000.

Several other large investors have also added to or reduced their stakes in INTU. Brighton Jones LLC increased its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Wealth Group Ltd. acquired a new stake in shares of Intuit in the first quarter worth $493,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit during the first quarter worth $785,564,000. Finally, Jennison Associates LLC lifted its position in Intuit by 168.5% during the first quarter. Jennison Associates LLC now owns 6,444 shares of the software maker’s stock valued at $3,957,000 after purchasing an additional 4,044 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 2.5%

Shares of INTU stock opened at $645.98 on Tuesday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market cap of $180.10 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 2.53 and a beta of 1.25. The company’s 50-day moving average price is $666.95 and its 200-day moving average price is $707.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.99 EPS. Intuit’s 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. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Buying and Selling

In related 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 sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on INTU shares. Stifel Nicolaus cut their price target on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Morgan Stanley dropped their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit 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.