Intuit Inc. $INTU Stake Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 1,204.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,450 shares of the software maker’s stock after purchasing an additional 16,112 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Intuit were worth $4,677,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID raised its holdings in shares of Intuit by 10.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock worth $115,000 after purchasing an additional 25 shares during the period. Delta Asset Management LLC TN lifted its position in shares of Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock worth $67,000 after buying an additional 30 shares during the last quarter. Bond & Devick Financial Network Inc. lifted its position in shares of Intuit by 3.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock worth $258,000 after buying an additional 30 shares during the last quarter. Glen Eagle Advisors LLC lifted its position in shares of Intuit by 13.0% in the 1st quarter. Glen Eagle Advisors LLC now owns 278 shares of the software maker’s stock worth $120,000 after buying an additional 32 shares during the last quarter. Finally, Avalon Trust Co boosted its holdings in shares of Intuit by 18.6% in the 1st quarter. Avalon Trust Co now owns 217 shares of the software maker’s stock valued at $94,000 after buying an additional 34 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INTU. JPMorgan Chase & Co. downgraded shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Barclays cut their target price on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “sell” rating on shares of Intuit in a report on Thursday, September 24th. Stifel Nicolaus restated a “hold” rating and issued a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research report on Monday, September 21st. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $431.68.

Intuit Price Performance

Shares of NASDAQ INTU opened at $338.23 on Tuesday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27. 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 company has a market capitalization of $90.39 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.18 and a beta of 0.91. The firm has a 50-day moving average of $318.21 and a two-hundred day moving average of $356.20.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a dividend of $1.38 per share. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. Intuit’s payout ratio is 33.45%.

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.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.