Keudell Morrison Wealth Management Invests $244,000 in Intuit Inc. $INTU

Keudell Morrison Wealth Management bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 310 shares of the software maker’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Dogwood Wealth Management LLC lifted its position in shares of Intuit by 111.8% in the 2nd 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. CBIZ Investment Advisory Services LLC raised its stake in Intuit by 1,566.7% in 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 in the last quarter. TD Capital Management LLC lifted its holdings in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after buying an additional 46 shares during the period. Olde Wealth Management LLC bought a new stake in Intuit during the 1st quarter valued at approximately $37,000. Finally, Activest Wealth Management grew its holdings in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock worth $39,000 after acquiring an additional 61 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $679.94 on Monday. The firm has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a PEG ratio of 2.62 and a beta of 1.25. 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 Inc. has a one year low of $532.65 and a one year high of $813.70. The business has a fifty day moving average of $700.95 and a 200 day moving average of $692.75.

Intuit (NASDAQ:INTU) last posted its 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company earned $1.99 earnings per share. Intuit’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 year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is presently 34.93%.

Insider Buying and Selling

In related news, CFO Sandeep Aujla sold 42 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares of the company’s stock, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,785 shares of company stock valued at $2,029,299. Company insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of a number of research analyst reports. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup dropped their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, CLSA initiated coverage on shares of Intuit in a research note on Thursday, June 26th. They set an “outperform” rating and a $900.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

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.