AlTi Global Inc. Buys Shares of 456 Intuit Inc. $INTU

AlTi Global Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 456 shares of the software maker’s stock, valued at approximately $355,000.

Other large investors also recently modified their holdings of the company. Dogwood Wealth Management LLC grew its position in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the period. LGT Financial Advisors LLC acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $32,000. RMG Wealth Management LLC acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $37,000. CBIZ Investment Advisory Services LLC grew its position in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after buying an additional 47 shares during the period. Finally, Avion Wealth grew its position in shares of Intuit by 54.3% during the 2nd quarter. Avion Wealth now owns 54 shares of the software maker’s stock worth $42,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on INTU. Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. KeyCorp reduced their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets raised their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus reduced their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $791.82.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,407 shares of company stock worth $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $683.09 on Friday. The company has a fifty day simple moving average of $671.78 and a 200 day simple moving average of $699.05. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $190.45 billion, a P/E ratio of 49.72, a PEG ratio of 2.64 and a beta of 1.25.

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, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business earned $1.99 EPS. The business’s 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. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 34.93%.

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.