Wealthfront Advisers LLC Purchases 1,883 Shares of Intuit Inc. $INTU

Wealthfront Advisers LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 44,345 shares of the software maker’s stock after buying an additional 1,883 shares during the period. Wealthfront Advisers LLC’s holdings in Intuit were worth $29,375,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. NEOS Investment Management LLC boosted its position in Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its position in Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after buying an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC bought a new position in Intuit in the 3rd quarter valued at $1,465,000. Crossmark Global Holdings Inc. boosted its position in Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after buying an additional 6,503 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after buying an additional 10,661 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup reduced their price target on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Argus reduced their price target on Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. JPMorgan Chase & Co. reduced their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Wolfe Research set a $550.00 price target on Intuit and gave the stock an “outperform” rating in a research report on Thursday, March 12th. Finally, TD Cowen restated a “buy” rating on shares of Intuit in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $636.10.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

Intuit Stock Down 1.5%

NASDAQ:INTU opened at $389.92 on Tuesday. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $107.83 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.59 and a beta of 1.21. The stock’s fifty day simple moving average is $414.17 and its 200-day simple moving average is $543.11.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

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.