Berger Financial Group Inc Has $2.69 Million Holdings in Intuit Inc. $INTU

Berger Financial Group Inc decreased its holdings in Intuit Inc. (NASDAQ:INTU) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,421 shares of the software maker’s stock after selling 62 shares during the period. Berger Financial Group Inc’s holdings in Intuit were worth $2,694,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC raised its stake in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the 1st quarter worth approximately $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp lowered their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the business’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 $27,929.58. Following the completion of the transaction, the chief financial officer owned 831 shares of the company’s stock, valued at $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,785 shares of company stock worth $2,029,299. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

NASDAQ:INTU opened at $679.94 on Friday. The stock has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm has a 50 day moving average of $700.95 and a 200-day moving average of $692.11.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm posted $1.99 EPS. The business’s revenue was up 20.3% on a year-over-year basis. 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, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

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.