Evolve Private Wealth LLC Invests $422,000 in Intuit Inc. $INTU

Evolve Private Wealth LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, HoldingsChannel.com reports. The firm bought 1,617 shares of the software maker’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the 4th quarter valued at about $25,000. MidFirst Bank acquired a new position in shares of Intuit during the 2nd quarter worth approximately $28,000. HHM Wealth Advisors LLC grew its position in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Intuit during the first quarter worth approximately $30,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Wolfe Research reiterated an “outperform” rating and issued a $400.00 price target on shares of Intuit in a research report on Thursday, May 21st. Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Piper Sandler restated an “underweight” rating and set a $250.00 price objective on shares of Intuit in a research note on Wednesday, August 19th. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada cut their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $449.65.

Intuit Stock Performance

Shares of Intuit stock opened at $357.46 on Wednesday. The company has a 50 day moving average of $302.38 and a 200-day moving average of $357.99. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $97.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm posted $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. Company insiders own 2.49% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

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.