Waycross Investment Management Co Boosts Stake in Intuit Inc. $INTU

Waycross Investment Management Co increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 210.8% during the second quarter, HoldingsChannel reports. The fund owned 3,885 shares of the software maker’s stock after buying an additional 2,635 shares during the period. Waycross Investment Management Co’s holdings in Intuit were worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in INTU. Fiduciary Financial Advisors acquired a new stake in shares of Intuit in the second quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the fourth quarter worth about $25,000. Osbon Capital Management LLC purchased a new position in Intuit in the second quarter valued at about $26,000. MidFirst Bank purchased a new position in Intuit in the second quarter valued at about $28,000. Finally, HHM Wealth Advisors LLC lifted 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 valued at $30,000 after acquiring an additional 30 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 0.6%

Shares of Intuit stock opened at $342.94 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The company has a market capitalization of $93.81 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.01 and a beta of 0.98. The business has a 50 day moving average price of $312.74 and a 200 day moving average price of $354.92.

Intuit (NASDAQ:INTU) last posted its earnings results 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. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.Intuit’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts anticipate that Intuit Inc. will post 23.03 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 33.45%.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Citigroup reduced their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Jefferies Financial Group decreased their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Sunday, August 23rd. Bank of America cut Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target for the company. in a research report on Wednesday, August 26th. Finally, Argus cut their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $434.68.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,146 shares of company stock worth $662,666. Corporate insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Long-term value case: Zacks argues that Intuit’s depressed valuation and underlying fundamentals could offer substantial upside if the stock eventually regains its prior peak. Forget AI Stocks: Buy This Tech Stock Now for Value and 130% Upside
• Positive Sentiment: Growth initiatives remain supportive: TurboTax Live is gaining traction through assisted tax services, artificial intelligence and new customer additions, while Credit Karma continues to benefit from expanding offerings and deeper TurboTax integration. Intuit’s TurboTax Live: Can Assisted Tax Sustain the Momentum?
• Positive Sentiment: Capital returns and earnings outlook: Intuit recently increased its dividend and updated its buyback plans. KeyCorp projects fiscal 2028 earnings of $26.84 per share, above the current-year consensus of $23.07, suggesting analysts still see meaningful earnings growth. From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
• Neutral Sentiment: Intuit’s latest quarterly results exceeded expectations, with $4.03 in adjusted earnings per share and $4.35 billion in revenue, while revenue increased 13.7% year over year. Management is targeting roughly 9%–10% growth for fiscal 2027, but investors are focused on the quality and durability of that growth.
• Negative Sentiment: Litigation overhang: Several law firms are promoting a securities class action and the September 8 lead-plaintiff deadline. The allegations include misleading disclosures about generative-AI risks, Mailchimp performance, TurboTax growth and insider stock sales. These are allegations, not proven findings, but the volume of notices adds reputational and legal uncertainty. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit
• Negative Sentiment: Analysts have reportedly reduced price targets following Intuit’s TurboTax growth-guidance cut, reinforcing concerns that a key franchise may be slowing and helping explain the stock’s recent weakness. INTU Shareholder Alert

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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.