NewEdge Wealth LLC Grows Stake in Intuit Inc. $INTU

NewEdge Wealth LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,502 shares of the software maker’s stock after acquiring an additional 1,952 shares during the period. NewEdge Wealth LLC’s holdings in Intuit were worth $4,970,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Washington Trust Advisors Inc. grew its stake in shares of Intuit by 92.5% in the fourth quarter. Washington Trust Advisors Inc. now owns 491 shares of the software maker’s stock worth $326,000 after acquiring an additional 236 shares during the last quarter. Drucker Wealth 3.0 LLC grew its stake in shares of Intuit by 13.8% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 446 shares of the software maker’s stock worth $295,000 after acquiring an additional 54 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake in shares of Intuit by 124.1% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 242 shares of the software maker’s stock worth $160,000 after acquiring an additional 134 shares during the last quarter. Ethic Inc. grew its stake in shares of Intuit by 4.7% in the fourth quarter. Ethic Inc. now owns 33,011 shares of the software maker’s stock worth $21,867,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Intuit by 1.7% in the fourth quarter. Ballentine Partners LLC now owns 5,278 shares of the software maker’s stock worth $3,496,000 after acquiring an additional 87 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Down 0.8%

Intuit stock opened at $393.29 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The stock has a market capitalization of $108.76 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.59 and a beta of 1.04. The business’s fifty day moving average is $417.02 and its 200 day moving average is $528.40.

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

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Rothschild & Co Redburn raised Intuit from a “neutral” rating to a “buy” rating and increased their target price for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. BMO Capital Markets cut their target price on Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Erste Group Bank raised Intuit to a “hold” rating in a research report on Monday, April 27th. Susquehanna dropped their price objective on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research report on Tuesday, February 24th. Finally, Oppenheimer dropped their price objective on Intuit from $696.00 to $558.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

Intuit 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.