Integrity Alliance LLC. Sells 338 Shares of Intuit Inc. $INTU

Integrity Alliance LLC. cut its holdings in Intuit Inc. (NASDAQ:INTU) by 43.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445 shares of the software maker’s stock after selling 338 shares during the period. Integrity Alliance LLC.’s holdings in Intuit were worth $351,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bordeaux Wealth Advisors LLC bought a new position in shares of Intuit in the second quarter valued at approximately $343,000. Scholtz & Company LLC grew its holdings in shares of Intuit by 8.8% in the second quarter. Scholtz & Company LLC now owns 7,768 shares of the software maker’s stock valued at $6,118,000 after acquiring an additional 628 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Intuit by 16.0% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,451 shares of the software maker’s stock valued at $1,143,000 after acquiring an additional 200 shares in the last quarter. AMG National Trust Bank grew its holdings in shares of Intuit by 6.8% in the second quarter. AMG National Trust Bank now owns 1,405 shares of the software maker’s stock valued at $1,107,000 after acquiring an additional 90 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its holdings in shares of Intuit by 34.7% in the second quarter. Creekmur Asset Management LLC now owns 505 shares of the software maker’s stock valued at $398,000 after acquiring an additional 130 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 1.7%

NASDAQ:INTU opened at $667.55 on Friday. The company has a market cap of $186.11 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.53 and a beta of 1.25. The stock’s fifty day moving average price is $669.06 and its two-hundred day moving average price is $702.52. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last posted 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 firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. As a group, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given 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 dividend yield of 0.7%. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Insiders Place Their Bets

In related news, 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 sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INTU. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Citigroup reduced their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. reduced their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, BMO Capital Markets increased their price objective on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

About Intuit

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.