Montag A & Associates Inc. Has $10.32 Million Holdings in Intuit Inc. $INTU

Montag A & Associates Inc. cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,584 shares of the software maker’s stock after selling 4,283 shares during the quarter. Montag A & Associates Inc.’s holdings in Intuit were worth $10,323,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BetterWealth LLC increased its position in shares of Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after buying an additional 15 shares during the period. Sachetta LLC increased its position in shares of Intuit by 23.8% during the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after buying an additional 15 shares during the period. GW&K Investment Management LLC increased its position in shares of Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after buying an additional 16 shares during the period. Cannell & Spears LLC increased its position in shares of Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after buying an additional 16 shares during the period. Finally, Betterment LLC increased its position in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after buying an additional 16 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company reduced their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. BMO Capital Markets reduced their price target on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, Guggenheim set a $633.00 price target on shares of Intuit in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $636.10.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Up 2.7%

NASDAQ:INTU opened at $399.00 on Friday. The stock has a market capitalization of $110.34 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.60 and a beta of 1.04. The firm has a fifty day simple moving average of $414.84 and a two-hundred day simple moving average of $538.51. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

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.