Kingswood Wealth Advisors LLC Decreases Holdings in Intuit Inc. $INTU

Kingswood Wealth Advisors LLC trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 20.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 555 shares of the software maker’s stock after selling 146 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Intuit were worth $437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS lifted its holdings in Intuit by 11.3% during the second quarter. KLP Kapitalforvaltning AS now owns 123,145 shares of the software maker’s stock valued at $96,993,000 after purchasing an additional 12,530 shares in the last quarter. Avantra Family Wealth Inc. raised its position in shares of Intuit by 2.4% in the second quarter. Avantra Family Wealth Inc. now owns 779 shares of the software maker’s stock valued at $614,000 after buying an additional 18 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Intuit in the second quarter valued at about $37,000. Trueblood Wealth Management LLC raised its position in shares of Intuit by 5.4% in the second quarter. Trueblood Wealth Management LLC now owns 2,045 shares of the software maker’s stock valued at $1,610,000 after buying an additional 105 shares during the last quarter. Finally, Motiv8 Investments LLC raised its position in shares of Intuit by 11.1% in the second quarter. Motiv8 Investments LLC now owns 2,060 shares of the software maker’s stock valued at $1,622,000 after buying an additional 206 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Intuit stock opened at $644.92 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The stock has a market cap of $179.80 billion, a P/E ratio of 46.94, a PEG ratio of 2.54 and a beta of 1.25. The company has a 50-day moving average price of $689.62 and a 200 day moving average price of $692.95. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $1.99 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is 30.28%.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. Insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of a number of recent research reports. KeyCorp reduced 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. Bank of America reduced their target price 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. BMO Capital Markets increased their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. UBS Group cut their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Finally, Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

About Intuit

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.