Legacy Financial Group Inc. Buys Shares of 276 Intuit Inc. $INTU

Legacy Financial Group Inc. bought a new position in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 276 shares of the software maker’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barings LLC bought a new stake in Intuit during the second quarter worth about $214,000. Charles Schwab Investment Management Inc. raised its position in Intuit by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,880,661 shares of the software maker’s stock valued at $1,481,265,000 after purchasing an additional 39,071 shares during the last quarter. Enterprise Financial Services Corp purchased a new position in Intuit during the 2nd quarter valued at $275,000. American Century Companies Inc. lifted its holdings in Intuit by 77.2% in the second quarter. American Century Companies Inc. now owns 144,514 shares of the software maker’s stock worth $113,829,000 after buying an additional 62,979 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in Intuit by 99.5% during the second quarter. Segall Bryant & Hamill LLC now owns 33,664 shares of the software maker’s stock worth $26,515,000 after acquiring an additional 16,790 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INTU shares. Oppenheimer boosted their price target on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Wells Fargo & Company lowered their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $798.13.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $663.15 on Friday. 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 Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $184.89 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.53 and a beta of 1.25. The firm’s 50-day moving average is $666.30 and its 200 day moving average is $707.36.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last 90 days. 2.68% of the stock is owned by corporate 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.