Smith Salley Wealth Management Grows Holdings in Intuit Inc. $INTU

Smith Salley Wealth Management grew its holdings in Intuit Inc. (NASDAQ:INTU) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,190 shares of the software maker’s stock after purchasing an additional 236 shares during the period. Smith Salley Wealth Management’s holdings in Intuit were worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTU. Brighton Jones LLC grew its position in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Intuit during the 1st quarter worth $241,000. Cerro Pacific Wealth Advisors LLC grew its position in shares of Intuit by 3.8% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 1,150 shares of the software maker’s stock worth $722,000 after buying an additional 42 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Intuit by 7.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,444 shares of the software maker’s stock worth $2,115,000 after buying an additional 228 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $698.26 on Monday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market cap of $194.67 billion, a PE ratio of 50.82, a P/E/G ratio of 2.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business has a 50-day simple moving average of $710.05 and a two-hundred day simple moving average of $689.85.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the business posted $1.99 earnings per share. The company’s revenue for the quarter 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, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 30.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INTU. Rothschild & Co Redburn raised their price objective on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets raised their price objective on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 2,591 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares of the company’s stock, valued at approximately $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,141 shares of company stock valued at $6,195,865. 2.68% of the stock is owned by company insiders.

Intuit 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.