Intuit Inc. $INTU Stock Holdings Raised by Simplicity Wealth LLC

Simplicity Wealth LLC grew its holdings in Intuit Inc. (NASDAQ:INTU) by 54.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,577 shares of the software maker’s stock after purchasing an additional 2,681 shares during the quarter. Simplicity Wealth LLC’s holdings in Intuit were worth $2,089,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC increased its position in Intuit by 40.7% in the 3rd quarter. Sowell Financial Services LLC now owns 2,550 shares of the software maker’s stock worth $703,000 after buying an additional 738 shares during the period. Gibbs Wealth Management acquired a new position in shares of Intuit during the third quarter worth approximately $217,000. Capital Investment Advisors LLC lifted its holdings in shares of Intuit by 2.4% during the third quarter. Capital Investment Advisors LLC now owns 1,623 shares of the software maker’s stock worth $448,000 after buying an additional 38 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Intuit by 33.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 13,753 shares of the software maker’s stock valued at $3,792,000 after acquiring an additional 3,424 shares during the period. Finally, MBL Wealth LLC bought a new stake in shares of Intuit in the third quarter valued at approximately $398,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Down 1.0%

Intuit stock opened at $339.89 on Tuesday. The business has a 50 day moving average price of $321.12 and a two-hundred day moving average price of $370.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $90.83 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $689.17.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. Intuit’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTU. Stifel Nicolaus restated a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. UBS Group reiterated a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Mizuho reissued an “outperform” rating and issued a $430.00 price target on shares of Intuit in a report on Friday, September 18th. Jefferies Financial Group reduced their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, Morgan Stanley decreased their price target on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $431.55.

Insider Transactions at Intuit

In other news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade 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. 2.49% of the stock is currently owned by company insiders.

Intuit 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.