IFP Advisors Inc Trims Stake in Intuit Inc. $INTU

IFP Advisors Inc decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,606 shares of the software maker’s stock after selling 262 shares during the period. IFP Advisors Inc’s holdings in Intuit were worth $2,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Callan Family Office LLC grew its holdings in shares of Intuit by 41.7% during the 2nd quarter. Callan Family Office LLC now owns 15,463 shares of the software maker’s stock worth $12,179,000 after acquiring an additional 4,552 shares during the period. TFR Capital LLC. purchased a new position in shares of Intuit during the 2nd quarter worth approximately $310,000. Weaver Capital Management LLC grew its holdings in shares of 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. Leo Wealth LLC boosted its position in shares of Intuit by 92.9% in the 2nd quarter. Leo Wealth LLC now owns 656 shares of the software maker’s stock worth $517,000 after purchasing an additional 316 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Intuit by 0.3% in the 2nd quarter. US Bancorp DE now owns 177,729 shares of the software maker’s stock worth $139,987,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday. Bank of America dropped their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. 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, Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Stock Performance

INTU stock opened at $641.79 on Friday. The stock has a market capitalization of $178.93 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 2.49 and a beta of 1.25. 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 stock’s 50 day simple moving average is $686.93 and its 200 day simple moving average is $693.10.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm 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, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid 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 a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

Insider Buying and Selling at Intuit

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

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.