Lingohr Asset Management GmbH Takes $3.68 Million Position in Intuit Inc. $INTU

Lingohr Asset Management GmbH bought a new stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,400 shares of the software maker’s stock, valued at approximately $3,681,000.

Other large investors have also recently added to or reduced their stakes in the company. Weaver Capital Management LLC boosted its holdings in Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after acquiring an additional 14 shares during the period. May Hill Capital LLC boosted its stake in shares of Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after purchasing an additional 14 shares during the period. Northern Financial Advisors Inc boosted its stake in shares of Intuit by 1.3% in the second quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock valued at $952,000 after purchasing an additional 15 shares during the period. Telos Capital Management Inc. grew its holdings in Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after purchasing an additional 15 shares in the last quarter. Finally, Mcrae Capital Management Inc. increased its stake in Intuit by 0.7% during the 2nd quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock worth $1,723,000 after buying an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 1,402 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock worth $255,514,393 over the last 90 days. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company restated an “equal weight” rating and set a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. KeyCorp lowered their price objective on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Evercore ISI restated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. TD Cowen started coverage on Intuit in a research note on Thursday, January 8th. They set a “buy” rating and a $802.00 target price for the company. Finally, Daiwa Capital Markets lifted their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

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Key Intuit News

Here are the key news stories impacting Intuit this week:

Intuit Price Performance

Shares of INTU opened at $498.92 on Friday. Intuit Inc. has a 12 month low of $491.72 and a 12 month 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 stock has a fifty day moving average price of $625.24 and a 200 day moving average price of $668.53. The company has a market cap of $138.83 billion, a P/E ratio of 34.10, a PEG ratio of 2.05 and a beta of 1.25.

Intuit (NASDAQ:INTUGet Free Report) 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. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Intuit Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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