Jackson Thornton Wealth Management LLC Buys Shares of 277 Intuit Inc. $INTU

Jackson Thornton Wealth Management LLC bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 277 shares of the software maker’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of INTU. DecisionMap Wealth Management LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $266,000. Lafayette Investments Inc. lifted its position in shares of Intuit by 8.2% during the 2nd quarter. Lafayette Investments Inc. now owns 501 shares of the software maker’s stock worth $395,000 after purchasing an additional 38 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $32,000. VCI Wealth Management LLC lifted its position in shares of Intuit by 9.3% during the 2nd quarter. VCI Wealth Management LLC now owns 4,653 shares of the software maker’s stock worth $3,665,000 after purchasing an additional 395 shares during the last quarter. Finally, Klingman & Associates LLC acquired a new position in shares of Intuit during the 2nd quarter worth about $530,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on INTU shares. JPMorgan Chase & Co. cut their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Finally, Oppenheimer boosted their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $791.82.

Intuit Trading Up 0.5%

Shares of INTU opened at $664.77 on Tuesday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $185.34 billion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 2.55 and a beta of 1.25. The stock’s 50-day moving average price is $674.70 and its 200 day moving average price is $696.51.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results 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. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $1.99 earnings per share. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. 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 predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

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

About Intuit

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.