Balentine LLC Makes New $323,000 Investment in Intuit Inc. $INTU

Balentine LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 410 shares of the software maker’s stock, valued at approximately $323,000.

Other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted 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 purchasing an additional 19 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the second quarter worth approximately $32,000. RMG Wealth Management LLC acquired a new position in shares of Intuit during the second quarter worth approximately $37,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after buying an additional 47 shares during the last quarter. Finally, Avion Wealth lifted its holdings in shares of Intuit by 54.3% during the second quarter. Avion Wealth now owns 54 shares of the software maker’s stock worth $42,000 after buying an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $667.55 on Friday. The business has a fifty day simple moving average of $669.06 and a 200 day simple moving average of $701.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $186.11 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 2.53 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last released 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 analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $1.99 earnings per share. The business’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. Sell-side 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 was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is currently 34.93%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. KeyCorp cut their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. Finally, Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $791.82.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,407 shares of company stock worth $1,614,913 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

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.