HB Wealth Management LLC Boosts Stock Holdings in Intuit Inc. $INTU

HB Wealth Management LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,217 shares of the software maker’s stock after acquiring an additional 1,035 shares during the quarter. HB Wealth Management LLC’s holdings in Intuit were worth $9,026,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Intuit during the second quarter valued at about $1,733,000. denkapparat Operations GmbH purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $830,000. Quadrant Capital Group LLC lifted its holdings in shares of Intuit by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after acquiring an additional 152 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of Intuit by 1.1% during the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after purchasing an additional 442 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last three months. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU opened at $652.75 on Friday. The firm has a market capitalization of $181.64 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.67 and a beta of 1.25. The firm’s fifty day simple moving average is $656.76 and its 200-day simple moving average is $692.18. Intuit Inc. has a twelve month low of $532.65 and a twelve 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 posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTU. Evercore ISI reissued an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. BMO Capital Markets dropped their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $700.00 target price (down previously from $840.00) on shares of Intuit in a research note on Thursday. Rothschild & Co Redburn raised their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $790.00.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: TD Cowen initiated coverage with a “buy” and a $802 price target (~23% above current levels), a high-profile bullish call that can attract momentum and institutional interest. TD Cowen Buy on Intuit
• Positive Sentiment: Truist started coverage with a “buy” and a $739 target, another institutional endorsement that supports demand for the stock among growth-oriented investors. Truist Initiates on Intuit
• Positive Sentiment: Coverage and features on Intuit’s SMB Media Labs (CES) describe a shift into advertising/media products for small businesses — a potential new revenue stream that supports longer-term growth expectations. Intuit SMB MediaLabs at CES
• Neutral Sentiment: Analyst write-ups and roundups (Zacks, 24/7 Wall St.) reiterate Wall Street’s generally bullish stance and recap recent calls; useful for sentiment but not a new fundamental catalyst by itself. Zacks: Wall Street Views on Intuit
• Neutral Sentiment: Market writeups noting TurboTax seasonality and long-term performance support recurring-revenue narratives and the recently declared $1.20 quarterly dividend, but these are expected/known factors rather than fresh catalysts. MarketBeat Intuit Summary
• Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares at ~$650.10 on Jan. 7 (disclosed in an SEC Form 4) — a large $26.65M disposition that reduces his direct holding ~75% and is often viewed by the market as a negative signal despite routine non-fundamental reasons for insider sales. SEC Form 4 – Goodarzi Sale
• Negative Sentiment: CFO Sandeep Aujla sold 1,335 shares (~$840k) recently and disclosed a large percentage cut in his direct holding — another insider sale that can weigh on sentiment even if unrelated to company fundamentals. SEC Form 4 – Aujla Sale

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.