Argus Investors Counsel Inc. Has $645,000 Holdings in Intuit Inc. $INTU

Argus Investors Counsel Inc. reduced its position in Intuit Inc. (NASDAQ:INTU) by 6.6% during the second quarter, Holdings Channel.com reports. The firm owned 819 shares of the software maker’s stock after selling 58 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Intuit were worth $645,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. KMG Fiduciary Partners LLC increased its holdings in Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after acquiring an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after purchasing an additional 14 shares during the period. Peloton Wealth Strategists lifted its holdings in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after acquiring an additional 15 shares during the period. Decatur Capital Management Inc. increased its position in shares of Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after purchasing an additional 16 shares in the last quarter. Finally, Acropolis Investment Management LLC grew its holdings in Intuit by 4.0% in the 2nd quarter. Acropolis Investment Management LLC now owns 443 shares of the software maker’s stock valued at $349,000 after buying an additional 17 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

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 transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,141 shares of company stock valued at $6,195,865 over the last 90 days. Insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $698.26 on Friday. 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 company has a fifty day moving average of $710.05 and a 200-day moving average of $689.09. The stock has a market capitalization of $194.67 billion, a price-to-earnings ratio of 50.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The firm’s 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. Equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s dividend payout ratio is presently 30.28%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INTU shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Bank of America decreased their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average target price of $791.82.

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.