Lombard Odier Asset Management Switzerland SA Increases Position in Intuit Inc. $INTU

Lombard Odier Asset Management Switzerland SA lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,400 shares of the software maker’s stock after purchasing an additional 853 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Intuit were worth $10,554,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the first quarter valued at approximately $785,564,000. Cobblestone Capital Advisors LLC NY acquired a new stake in Intuit during the first quarter worth approximately $473,000. Finally, SouthState Corp raised its holdings in Intuit by 15.0% during the first quarter. SouthState Corp now owns 667 shares of the software maker’s stock worth $409,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 2.6%

Shares of INTU stock opened at $656.24 on Tuesday. The business’s 50 day moving average is $658.13 and its two-hundred day moving average is $706.56. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a market capitalization of $182.61 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is 32.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Rothschild & Co Redburn increased their target price on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company dropped their price objective on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. BMO Capital Markets cut their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,371 shares of company stock valued at $78,406,952 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

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.