Cornerstone Wealth Group LLC Has $814,000 Stock Position in Intuit Inc. $INTU

Cornerstone Wealth Group LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 22.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,034 shares of the software maker’s stock after buying an additional 188 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Intuit were worth $814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after buying an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP raised its stake in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. raised its stake in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock valued at $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Barclays lowered their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. UBS Group lowered their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Finally, KeyCorp lowered their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Activity at Intuit

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

Intuit Stock Performance

Shares of INTU stock opened at $657.16 on Wednesday. The business’s 50 day simple moving average is $682.10 and its 200 day simple moving average is $694.33. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a market capitalization of $183.22 billion, a PE ratio of 47.83, a PEG ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The firm’s revenue 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. As a group, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

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.