Lbp Am Sa Boosts Holdings in Intuit Inc. $INTU

Lbp Am Sa grew its stake in Intuit Inc. (NASDAQ:INTU) by 16.8% during the 3rd quarter, Holdings Channel reports. The firm owned 16,645 shares of the software maker’s stock after purchasing an additional 2,396 shares during the quarter. Lbp Am Sa’s holdings in Intuit were worth $11,367,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of INTU. Tortoise Investment Management LLC raised its holdings in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the 2nd quarter valued at $28,000. Finally, True Wealth Design LLC boosted its stake in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $561.77 on Tuesday. The stock has a 50 day simple moving average of $635.54 and a 200-day simple moving average of $673.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $156.32 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. Intuit Inc. has a 12-month low of $520.69 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Thursday. Wolfe Research cut their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. KeyCorp decreased their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday. Independent Research set a $875.00 target price on Intuit in a report on Tuesday, November 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.