Vista Cima Wealth Management LLC Makes New $31,000 Investment in Intuit Inc. $INTU

Vista Cima Wealth Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the software maker’s stock, valued at approximately $31,000.

Several other hedge funds have also recently modified their holdings of INTU. Vanguard Group Inc. raised its holdings in shares of Intuit by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP raised its holdings in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. raised its holdings in shares of Intuit by 7.9% in the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other news, EVP Mark P. Notarainni sold 1,147 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares of the company’s stock, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,213 shares of company stock valued at $7,115,570. Company insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Barclays lowered their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Finally, CLSA began coverage on shares of Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average target price of $797.62.

Intuit Trading Down 2.2%

Intuit stock opened at $656.26 on Thursday. The stock has a market cap of $182.97 billion, a P/E ratio of 47.76, a PEG ratio of 2.59 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm’s fifty day moving average price is $730.66 and its 200-day moving average price is $681.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last announced its earnings results 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. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is currently 30.28%.

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.