Intuit Inc. $INTU Stock: Vise Technologies Inc. Raises Position

Vise Technologies Inc. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 27.2% during the third quarter, HoldingsChannel.com reports. The firm owned 18,908 shares of the software maker’s stock after purchasing an additional 4,041 shares during the period. Vise Technologies Inc.’s holdings in Intuit were worth $5,213,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTU. Legacy Wealth Managment LLC ID increased its position in shares of Intuit by 10.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after buying an additional 25 shares in the last quarter. Sachetta LLC raised its stake in shares of Intuit by 33.7% during the 1st quarter. Sachetta LLC now owns 111 shares of the software maker’s stock worth $48,000 after buying an additional 28 shares during the period. Stronghold Wealth Management L.L.C. lifted its position in shares of Intuit by 6.5% during the 1st quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock valued at $205,000 after buying an additional 29 shares in the last quarter. Delta Asset Management LLC TN lifted its position in shares of Intuit by 13.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after buying an additional 30 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its position in shares of Intuit by 3.3% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock valued at $258,000 after buying an additional 30 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTU. Morgan Stanley cut their price target on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Mizuho reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Intuit in a report on Friday, September 18th. TD Cowen reaffirmed a “hold” rating and set a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Price Performance

Shares of Intuit stock opened at $344.72 on Wednesday. The stock has a market capitalization of $92.12 billion, a P/E ratio of 20.89, a PEG ratio of 1.16 and a beta of 0.91. The business has a 50 day simple moving average of $318.58 and a two-hundred day simple moving average of $360.01. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts predict that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Insiders Place Their Bets

In other Intuit news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.