SteelPeak Wealth LLC Boosts Position in Intuit Inc. $INTU

SteelPeak Wealth LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 124.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 40,207 shares of the software maker’s stock after acquiring an additional 22,262 shares during the quarter. Intuit comprises approximately 0.9% of SteelPeak Wealth LLC’s portfolio, making the stock its 24th biggest holding. SteelPeak Wealth LLC’s holdings in Intuit were worth $27,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTU. KMG Fiduciary Partners LLC boosted its holdings in Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after buying an additional 14 shares during the period. Weaver Capital Management LLC raised its position in shares of Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after buying an additional 14 shares during the period. May Hill Capital LLC lifted its holdings in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after acquiring an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists grew its position in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the transaction, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 344,727 shares of company stock worth $227,083,400 over the last 90 days. 2.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Evercore ISI restated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. BMO Capital Markets lowered their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Finally, Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $796.60.

Intuit Stock Down 1.1%

Shares of NASDAQ INTU opened at $662.42 on Friday. The stock has a market cap of $184.33 billion, a P/E ratio of 45.28, a PEG ratio of 2.71 and a beta of 1.27. The business’s fifty day simple moving average is $659.62 and its 200-day simple moving average is $696.27. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 32.81%.

About Intuit

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.