NewEdge Advisors LLC Grows Position in Intuit Inc. $INTU

NewEdge Advisors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,361 shares of the software maker’s stock after buying an additional 3,515 shares during the period. NewEdge Advisors LLC’s holdings in Intuit were worth $23,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC boosted its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings 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. Sagard Holdings Management Inc. acquired a new position in Intuit in the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC boosted its position in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’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 sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 74,095 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the transaction, the director directly owned 5,819,584 shares of the company’s stock, valued at approximately $3,816,366,795.52. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 269,466 shares of company stock valued at $176,407,397. 2.49% of the stock is currently owned by insiders.

Intuit Stock Performance

Shares of Intuit stock opened at $662.43 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50 day moving average price is $657.24 and its 200 day moving average price is $705.80. The company has a market cap of $184.33 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 2.69 and a beta of 1.27. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Wall Street Analyst Weigh In

INTU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Citigroup cut their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note 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 for the company in a research report on Friday, August 22nd. Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. Finally, Morgan Stanley decreased their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

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.