Fulcrum Capital LLC Purchases 1,975 Shares of Intuit Inc. $INTU

Fulcrum Capital LLC grew its position in Intuit Inc. (NASDAQ:INTU) by 15.9% in the third quarter, HoldingsChannel.com reports. The fund owned 14,362 shares of the software maker’s stock after buying an additional 1,975 shares during the quarter. Intuit comprises 2.0% of Fulcrum Capital LLC’s portfolio, making the stock its 18th biggest position. Fulcrum Capital LLC’s holdings in Intuit were worth $9,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTU. Tortoise Investment Management LLC grew 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 worth $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. lifted its position in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares in the last quarter. Dogwood Wealth Management LLC increased its position 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 acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in shares of Intuit in the second quarter worth about $28,000. Finally, True Wealth Design LLC lifted its position in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Down 1.7%

NASDAQ INTU opened at $545.29 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $151.74 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.27 and a beta of 1.25. The stock’s 50-day moving average is $648.60 and its 200-day moving average is $684.80.

Intuit (NASDAQ:INTU) last announced its 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. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on INTU. 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 report on Thursday, January 8th. Rothschild & Co Redburn lifted their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Wolfe Research dropped their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Friday, November 21st. Finally, Evercore ISI reissued an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $794.62.

Insider Transactions at Intuit

In other news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

About Intuit

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.