WT Wealth Management Makes New Investment in Intuit Inc. $INTU

WT Wealth Management bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,431 shares of the software maker’s stock, valued at approximately $1,611,000.

Other large investors also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in Intuit in the 4th quarter worth $25,000. MTM Investment Management LLC grew its position in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the third quarter worth about $33,000. Richardson Financial Services Inc. increased its stake in shares of Intuit by 70.0% during the third quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock worth $35,000 after purchasing an additional 21 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC raised its position in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTU. Wolfe Research set a $550.00 price objective on Intuit and gave the stock an “outperform” rating in a report on Thursday, March 12th. Scotiabank set a $575.00 target price on Intuit in a report on Friday, March 6th. JPMorgan Chase & Co. decreased their target price on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Susquehanna lowered their price target on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings cut Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $636.10.

Intuit Trading Up 2.0%

Shares of Intuit stock opened at $406.99 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $414.84 and its 200-day simple moving average is $537.68. The stock has a market cap of $112.55 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.60 and a beta of 1.04. Intuit Inc. has a 1-year low of $342.11 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts predict that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

Intuit Company Profile

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.