Precedent Wealth Partners LLC Purchases 373 Shares of Intuit Inc. $INTU

Precedent Wealth Partners LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 25.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,859 shares of the software maker’s stock after acquiring an additional 373 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Intuit were worth $1,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of INTU. KMG Fiduciary Partners LLC lifted its stake in Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after buying an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after buying an additional 14 shares in the last quarter. Peloton Wealth Strategists lifted its stake 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 buying an additional 15 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its stake in Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after buying an additional 15 shares in the last quarter. Finally, Decatur Capital Management Inc. lifted its stake in Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock valued at $3,069,000 after buying an additional 16 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 2,785 shares of company stock valued at $2,029,299 in the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer increased their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Finally, UBS Group lowered their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Price Performance

Shares of INTU opened at $679.94 on Friday. The company has a market cap of $189.57 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 2.63 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company’s fifty day simple moving average is $700.95 and its 200 day simple moving average is $691.50. 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 (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

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.