Intuit Inc. $INTU Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,675 shares of the software maker’s stock after acquiring an additional 240 shares during the period. Intuit makes up about 2.0% of Lyell Wealth Management LP’s portfolio, making the stock its 11th biggest position. Lyell Wealth Management LP’s holdings in Intuit were worth $24,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in Intuit during the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC lifted its stake in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the period. TD Capital Management LLC lifted its stake in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in Intuit during the 1st quarter valued at approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INTU. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. CLSA initiated coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price for the company. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Citigroup decreased their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Stock Performance

NASDAQ:INTU opened at $661.39 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a fifty day moving average of $675.52 and a two-hundred day moving average of $695.79. The stock has a market capitalization of $184.40 billion, a PE ratio of 48.14, a P/E/G ratio of 2.55 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share. 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 fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were 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 yield of 0.7%. The ex-dividend date was Thursday, October 9th. 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.