Vestmark Advisory Solutions Inc. Has $4.97 Million Holdings in Intuit Inc. $INTU

Vestmark Advisory Solutions Inc. increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 43.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,304 shares of the software maker’s stock after buying an additional 1,924 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Intuit were worth $4,965,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of INTU. Vanguard Group Inc. lifted its holdings in shares of Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after acquiring an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Invesco Ltd. lifted its holdings in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the last quarter. Finally, Amundi boosted its position in Intuit by 2.4% in the first quarter. Amundi now owns 2,362,730 shares of the software maker’s stock valued at $1,416,226,000 after buying an additional 56,445 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTU. UBS Group dropped their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Bank of America dropped 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. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. One research 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $791.82.

Intuit Trading Down 0.7%

Shares of INTU opened at $648.85 on Friday. The stock’s fifty day simple moving average is $668.65 and its 200-day simple moving average is $704.35. The firm has a market capitalization of $180.90 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company earned $1.99 earnings per share. The company’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, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. 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 (DPR) is currently 34.93%.

Insider Buying and Selling at Intuit

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s 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 transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by 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.