100 Shares in Intuit Inc. $INTU Purchased by Virtus Advisers LLC

Virtus Advisers LLC bought a new stake in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 100 shares of the software maker’s stock, valued at approximately $79,000.

A number of other hedge funds have also made changes to their positions in the company. VestGen Advisors LLC increased its holdings in shares of Intuit by 196.1% in the second quarter. VestGen Advisors LLC now owns 2,330 shares of the software maker’s stock valued at $1,835,000 after purchasing an additional 1,543 shares in the last quarter. Bernardo Wealth Planning LLC boosted its position in shares of Intuit by 2.5% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 742 shares of the software maker’s stock worth $584,000 after purchasing an additional 18 shares during the last quarter. Railway Pension Investments Ltd grew its stake in shares of Intuit by 24.2% during the second quarter. Railway Pension Investments Ltd now owns 28,200 shares of the software maker’s stock worth $22,211,000 after purchasing an additional 5,500 shares during the period. West Family Investments Inc. increased its holdings in Intuit by 109.7% in the second quarter. West Family Investments Inc. now owns 975 shares of the software maker’s stock valued at $768,000 after purchasing an additional 510 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Intuit by 12.3% in the second quarter. Schroder Investment Management Group now owns 721,764 shares of the software maker’s stock valued at $568,483,000 after buying an additional 79,197 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,170 shares of the company’s 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 transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,836 shares of company stock valued at $1,235,203 in the last ninety days. 2.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Stifel Nicolaus lowered their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Stock Performance

Shares of INTU stock opened at $633.94 on Monday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company’s fifty day simple moving average is $663.60 and its 200-day simple moving average is $707.21. The firm has a market cap of $176.49 billion, a PE ratio of 46.14, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.