Portside Wealth Group LLC Has $631,000 Stock Holdings in Intuit Inc. $INTU

Portside Wealth Group LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 801 shares of the software maker’s stock after buying an additional 90 shares during the period. Portside Wealth Group LLC’s holdings in Intuit were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Invesco Ltd. increased its stake in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Intuit by 9.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after purchasing an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Intuit during the 2nd quarter worth $1,733,000. denkapparat Operations GmbH bought a new position in shares of Intuit in the second quarter worth $830,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on INTU shares. Bank of America reduced their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 target price on shares of Intuit in a report on Tuesday. Finally, Oppenheimer lifted their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $795.91.

Intuit Stock Up 0.6%

Shares of INTU opened at $649.73 on Wednesday. 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 Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a market capitalization of $181.15 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 2.53 and a beta of 1.25. The stock has a fifty day moving average of $666.53 and a 200-day moving average of $707.46.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. 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, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is owned by insiders.

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.