Waycross Investment Management Co Grows Stock Position in Intuit Inc. $INTU

Waycross Investment Management Co boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 210.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,885 shares of the software maker’s stock after acquiring 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.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XXEC Inc. acquired a new position in Intuit in the second quarter valued at approximately $436,740,000. BlackRock Inc. acquired a new stake in Intuit during the second quarter worth approximately $6,851,859,000. Corient Private Wealth LP purchased a new stake in shares of Intuit during the 2nd quarter worth approximately $40,545,000. Norges Bank purchased a new stake in shares of Intuit during the 4th quarter worth approximately $3,058,407,000. Finally, Bank of America Corp DE acquired a new position in shares of Intuit in the 2nd quarter valued at $589,841,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on INTU shares. Stifel Nicolaus set a $300.00 target price on shares of Intuit in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Weiss Ratings lowered Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reduced their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Hold” and a consensus target price of $434.68.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders 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

Intuit Stock Down 0.6%

INTU stock opened at $342.94 on Thursday. The company has a fifty day moving average price of $312.74 and a 200 day moving average price of $354.92. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a market cap of $93.81 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. 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 (NASDAQ:INTU) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $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 expect that Intuit Inc. will post 23.03 earnings per share for the current year.

Intuit Increases Dividend

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

Intuit Company Profile

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.