Intuit Inc. $INTU Stock Acquired by Lido Advisors LLC

Lido Advisors LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 14.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 35,953 shares of the software maker’s stock after acquiring an additional 4,528 shares during the period. Lido Advisors LLC’s holdings in Intuit were worth $9,913,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors acquired a new stake in Intuit in the second quarter valued at approximately $25,000. Osbon Capital Management LLC bought a new stake in Intuit in the second quarter worth approximately $26,000. MidFirst Bank bought a new stake in Intuit in the second quarter worth approximately $28,000. James T. Borello RIA increased its stake in shares of Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after purchasing an additional 84 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its stake in shares of Intuit by 900.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 120 shares of the software maker’s stock worth $33,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Morgan Stanley lowered their target price on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Weiss Ratings raised shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. KeyCorp set a $400.00 target price on Intuit in a report on Wednesday, August 26th. Finally, Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $431.68.

Intuit Price Performance

Shares of Intuit stock opened at $342.64 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $317.79 and a 200-day simple moving average of $354.06. The stock has a market capitalization of $91.57 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.12 and a beta of 0.91. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $682.27.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $2.75 EPS. Intuit’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, sell-side analysts expect that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Insider Activity

In related news, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Intuit Company Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.