Ewa LLC Buys 26 Shares of Intuit Inc. $INTU

Ewa LLC boosted its position in Intuit Inc. (NASDAQ:INTU) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 708 shares of the software maker’s stock after purchasing an additional 26 shares during the period. Ewa LLC’s holdings in Intuit were worth $558,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC lifted its stake in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in Intuit in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management lifted its stake in Intuit by 3,050.0% in the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock valued at $39,000 after purchasing an additional 61 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTU has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Morgan Stanley cut their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Finally, CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares of the company’s stock, valued at $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is owned by insiders.

Intuit Stock Down 0.5%

NASDAQ INTU opened at $679.50 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a 50 day moving average of $705.06 and a 200-day moving average of $690.39. The company has a market cap of $189.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.64 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $1.99 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is 30.28%.

About Intuit

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.