Baron Wealth Management LLC Makes New Investment in Intuit Inc. $INTU

Baron Wealth Management LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 316 shares of the software maker’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after purchasing an additional 82,419 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after purchasing an additional 8,510 shares during the last quarter. Circle Wealth Management LLC lifted its stake in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after purchasing an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock valued at $10,922,000 after purchasing an additional 623 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTU. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. UBS Group decreased their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Barclays decreased their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Jefferies Financial Group set a $850.00 price target on Intuit and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Susquehanna reiterated a “positive” rating on shares of Intuit in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $797.62.

Intuit Trading Up 1.7%

INTU opened at $662.68 on Thursday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a market cap of $184.76 billion, a P/E ratio of 48.23, a PEG ratio of 2.51 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day simple moving average is $718.11 and its 200-day simple moving average is $683.93.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business posted $1.99 EPS. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s payout ratio is currently 34.93%.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares of the company’s stock, valued at $552,606.69. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,879 shares of company stock worth $7,558,613. Insiders own 2.68% of the company’s stock.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.