Intuit Inc. $INTU Stock Acquired by Evergreen Private Wealth LLC

Evergreen Private Wealth LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 19.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,811 shares of the software maker’s stock after acquiring an additional 1,950 shares during the period. Evergreen Private Wealth LLC’s holdings in Intuit were worth $3,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Legacy Wealth Managment LLC ID increased its stake in shares of Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock worth $115,000 after purchasing an additional 25 shares during the last quarter. Sachetta LLC raised its holdings in shares of Intuit by 33.7% during the 1st quarter. Sachetta LLC now owns 111 shares of the software maker’s stock valued at $48,000 after purchasing an additional 28 shares in the last quarter. Stronghold Wealth Management L.L.C. lifted its stake in shares of Intuit by 6.5% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock valued at $205,000 after purchasing an additional 29 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in shares of Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after purchasing an additional 30 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its stake in shares of Intuit by 3.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock valued at $258,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ INTU opened at $344.72 on Wednesday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $92.12 billion, a PE ratio of 20.89, a P/E/G ratio of 1.16 and a beta of 0.91. The stock has a 50-day simple moving average of $318.58 and a 200 day simple moving average of $360.01.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a $1.38 dividend. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 33.45%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INTU. Evercore reiterated an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. UBS Group reissued a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Wells Fargo & Company reduced their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $431.55.

Insider Buying and Selling at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.