Jacobson & Schmitt Advisors LLC Buys New Stake in Intuit Inc. $INTU

Jacobson & Schmitt Advisors LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,777 shares of the software maker’s stock, valued at approximately $2,187,000.

Several other hedge funds and other institutional investors have also made changes to their positions in INTU. Westside Investment Management Inc. lifted its position in shares of Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares in the last quarter. Dogwood Wealth Management LLC raised its position in shares of 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 buying an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC lifted its position in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after buying an additional 47 shares during the last quarter. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Intuit in the second quarter valued at $32,000. Institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last 90 days. Insiders own 2.68% of the company’s stock.

Intuit Trading Down 2.3%

NASDAQ:INTU opened at $660.42 on Wednesday. The firm has a 50-day simple moving average of $669.46 and a 200-day simple moving average of $704.49. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The firm has a market cap of $184.13 billion, a P/E ratio of 48.07, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

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

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is 34.93%.

Analysts Set New Price Targets

Several brokerages recently commented on INTU. Rothschild & Co Redburn upped their price target on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. UBS Group reduced their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, Citigroup decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price 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.