Grant Private Wealth Management Inc Makes New $1.86 Million Investment in Intuit Inc. $INTU

Grant Private Wealth Management Inc acquired a new position in Intuit Inc. (NASDAQ:INTU) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,719 shares of the software maker’s stock, valued at approximately $1,857,000. Intuit comprises approximately 1.1% of Grant Private Wealth Management Inc’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Brighton Jones LLC raised its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the 1st quarter valued at approximately $785,564,000. American Century Companies Inc. boosted its position in shares of Intuit by 61.3% during the first quarter. American Century Companies Inc. now owns 81,535 shares of the software maker’s stock valued at $50,062,000 after purchasing an additional 31,001 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Intuit during the first quarter valued at approximately $545,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Bank of America lowered their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Stifel Nicolaus lowered their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, KeyCorp dropped their price target on Intuit from $850.00 to $825.00 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-three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit Trading Up 2.3%

NASDAQ:INTU opened at $669.35 on Wednesday. The stock has a market cap of $186.26 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 2.68 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $656.86 and its 200-day moving average price is $703.27. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the transaction, the director owned 5,893,679 shares in the company, valued at approximately $3,882,991,472.36. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 269,799 shares of company stock valued at $176,627,160. 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.