Detalus Advisors LLC Invests $206,000 in Intuit Inc. $INTU

Detalus Advisors LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 262 shares of the software maker’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTU. Nuveen LLC bought a new stake in shares of Intuit in the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit during the 1st quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock valued at $646,613,000 after acquiring an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $657.99 on Wednesday. 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 stock has a market capitalization of $183.45 billion, a P/E ratio of 47.89, a PEG ratio of 2.59 and a beta of 1.25. The company has a 50 day moving average price of $695.41 and a 200 day moving average price of $692.97. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business earned $1.99 EPS. 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. Equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn lifted their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. UBS Group cut their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Oppenheimer lifted their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $791.82.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,740 shares of company stock valued at $1,870,800. Insiders own 2.68% of the company’s stock.

Intuit Company 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.