Intuit Inc. $INTU Shares Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 616.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,880 shares of the software maker’s stock after acquiring an additional 2,478 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Intuit were worth $2,268,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTU. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. raised its position in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC boosted its position in Intuit by 270.0% in the 2nd 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. Finally, Vista Cima Wealth Management LLC purchased a new stake in Intuit in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $656.24 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $658.13 and its 200-day simple moving average is $706.56. The company has a market cap of $182.61 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

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

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend 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 currently 32.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets dropped their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Finally, Citigroup lowered their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $656.43, for a total transaction of $49,232,250.00. Following the completion of the sale, the director owned 6,043,679 shares of the company’s stock, valued at approximately $3,967,252,205.97. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 120,371 shares of company stock worth $78,406,952. 2.49% 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.