BAM Wealth Management LLC Buys New Shares in Intuit Inc. $INTU

BAM Wealth Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,955 shares of the software maker’s stock, valued at approximately $1,335,000. Intuit makes up about 1.0% of BAM Wealth Management LLC’s portfolio, making the stock its 21st biggest position.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Intuit by 61.3% during the 4th 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 during the period. Revolve Wealth Partners LLC raised its position in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the 1st quarter worth $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Intuit during the 2nd quarter valued at $277,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Truist Financial assumed coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Intuit in a research report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research note on Friday, November 21st. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 target price (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction 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 sale, the director directly 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. Over the last quarter, insiders sold 388,464 shares of company stock worth $255,514,393. Company insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $563.97 on Friday. The stock has a 50 day moving average of $637.23 and a 200 day moving average of $676.53. The company has a market capitalization of $156.94 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.24 and a beta of 1.25. Intuit Inc. has a 12 month low of $520.69 and a 12 month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

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

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were paid a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.9%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.