Advisory Services Network LLC Grows Holdings in Intuit Inc. $INTU

Advisory Services Network LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 26.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,596 shares of the software maker’s stock after buying an additional 2,812 shares during the quarter. Advisory Services Network LLC’s holdings in Intuit were worth $10,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. KMG Fiduciary Partners LLC boosted its holdings in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after buying an additional 14 shares during the period. Weaver Capital Management LLC boosted its stake in Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after buying an additional 14 shares during the last quarter. May Hill Capital LLC grew its holdings in Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after buying an additional 14 shares during the period. Finally, Peloton Wealth Strategists boosted its position in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Morgan Stanley decreased their price objective 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. Wolfe Research cut their target price on shares of Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. Finally, Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $658.84, for a total value of $49,413,000.00. Following the completion of the sale, the director owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. This trade represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 269,799 shares of company stock worth $176,627,160. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Down 0.8%

Shares of NASDAQ INTU opened at $670.92 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock’s 50-day simple moving average is $656.94 and its 200-day simple moving average is $704.58. The firm has a market cap of $186.70 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.75 and a beta of 1.27.

Intuit (NASDAQ:INTU) last posted 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. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.50 EPS. Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

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.