Vanguard Personalized Indexing Management LLC Has $34.38 Million Position in Intuit Inc. $INTU

Vanguard Personalized Indexing Management LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 31.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 43,639 shares of the software maker’s stock after purchasing an additional 10,528 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Intuit were worth $34,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. KMG Fiduciary Partners LLC increased its stake in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. increased its stake in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the period. Weaver Capital Management LLC increased its stake in Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after acquiring an additional 14 shares during the period. Peloton Wealth Strategists increased its stake in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in Intuit by 0.9% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after acquiring an additional 15 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets raised their price objective on Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Morgan Stanley lowered their price objective on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Bank of America lowered their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last 90 days. Insiders own 2.68% of the company’s stock.

Intuit Trading Down 0.5%

Shares of INTU stock opened at $641.79 on Friday. The firm has a market capitalization of $178.93 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $686.93 and its 200 day simple moving average is $693.65.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS. 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, sell-side analysts predict that Intuit Inc. will post 14.09 EPS 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 given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is presently 34.93%.

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.