Deltec Asset Management LLC Purchases New Position in Intuit Inc. $INTU

Deltec Asset Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 276 shares of the software maker’s stock, valued at approximately $217,000.

A number of other institutional investors also recently modified their holdings of the stock. Vista Cima Wealth Management LLC acquired a new position in Intuit during the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC raised its position in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after acquiring an additional 47 shares in the last quarter. TD Capital Management LLC raised its position in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Intuit during the first quarter worth $37,000. Finally, Banque Transatlantique SA bought a new stake in Intuit during the first quarter worth $37,000. 83.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTU shares. Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Citigroup dropped their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. 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 report on Friday, August 22nd. Finally, CLSA started coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,376 shares of company stock valued at $4,056,031 in the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $682.91 on Wednesday. The firm has a 50 day moving average of $706.99 and a 200-day moving average of $690.46. The stock has a market capitalization of $190.40 billion, a PE ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26. 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 Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly 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 net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company posted $1.99 EPS. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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