Blackston Financial Advisory Group LLC Invests $307,000 in Intuit Inc. $INTU

Blackston Financial Advisory Group LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 390 shares of the software maker’s stock, valued at approximately $307,000.

A number of other hedge funds have also made changes to their positions in the stock. Vise Technologies Inc. bought a new position in Intuit during the 2nd quarter valued at $5,033,000. Retirement Solution LLC acquired a new stake in shares of Intuit in the second quarter valued at $247,000. Alpha Cubed Investments LLC acquired a new stake in shares of Intuit in the second quarter valued at $284,000. Allworth Financial LP boosted its stake in Intuit by 88.1% during the second quarter. Allworth Financial LP now owns 5,668 shares of the software maker’s stock valued at $4,465,000 after buying an additional 2,654 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in Intuit by 29.2% during the second quarter. Addison Advisors LLC now owns 146 shares of the software maker’s stock worth $115,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

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 transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Stock Down 0.7%

Intuit stock opened at $648.85 on Monday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. 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 firm has a market cap of $180.90 billion, a PE ratio of 47.22, a P/E/G ratio of 2.53 and a beta of 1.25. The firm’s 50 day moving average price is $668.65 and its two-hundred day moving average price is $705.97.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.99 EPS. The company’s revenue for the quarter 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. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. 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. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INTU shares. Citigroup cut their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Stifel Nicolaus cut their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, UBS Group decreased their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.