1,171 Shares in Intuit Inc. $INTU Bought by Simplify Asset Management Inc.

Simplify Asset Management Inc. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,171 shares of the software maker’s stock, valued at approximately $800,000.

A number of other institutional investors have also recently bought and sold shares of INTU. Segment Wealth Management LLC lifted its stake in Intuit by 0.5% during the third quarter. Segment Wealth Management LLC now owns 31,361 shares of the software maker’s stock valued at $21,417,000 after buying an additional 158 shares in the last quarter. LVW Advisors LLC raised its holdings in shares of Intuit by 6.4% during the third quarter. LVW Advisors LLC now owns 1,094 shares of the software maker’s stock valued at $747,000 after acquiring an additional 66 shares during the period. Mirova US LLC raised its holdings in shares of Intuit by 50.7% during the third quarter. Mirova US LLC now owns 4,851 shares of the software maker’s stock valued at $3,313,000 after acquiring an additional 1,633 shares during the period. Continuum Advisory LLC lifted its position in shares of Intuit by 45.4% in the 3rd quarter. Continuum Advisory LLC now owns 410 shares of the software maker’s stock valued at $280,000 after acquiring an additional 128 shares in the last quarter. Finally, Albion Financial Group UT boosted its stake in Intuit by 40.0% in the 3rd quarter. Albion Financial Group UT now owns 70 shares of the software maker’s stock worth $48,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $674.15 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The business’s 50-day moving average price is $660.20 and its two-hundred day moving average price is $697.34. The company has a market capitalization of $187.60 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27.

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, topping analysts’ consensus estimates of $3.09 by $0.25. The company 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 23.52% and a net margin of 21.19%.The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is currently 32.81%.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the transaction, the director directly owned 5,893,679 shares in the company, valued at $3,882,991,472.36. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 270,897 shares of company stock worth $177,368,310 in the last 90 days. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTU. Daiwa Capital Markets boosted their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Friday, November 21st. Evercore ISI reissued an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus price target of $796.60.

About Intuit

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; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.