Lido Advisors LLC Buys 4,528 Shares of Intuit Inc. $INTU

Lido Advisors LLC increased its stake in Intuit Inc. (NASDAQ:INTU) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,953 shares of the software maker’s stock after purchasing an additional 4,528 shares during the quarter. Lido Advisors LLC’s holdings in Intuit were worth $9,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC purchased a new position in shares of Intuit in the second quarter worth approximately $1,643,000. Cygnus Capital Advisors LLC acquired a new stake in shares of Intuit during the second quarter valued at approximately $4,706,000. TD Waterhouse Canada Inc. lifted its position in shares of Intuit by 24.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 28,149 shares of the software maker’s stock valued at $7,957,000 after acquiring an additional 5,456 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $179,663,000. Finally, Douglas Lane & Associates LLC lifted its position in shares of Intuit by 24.8% in the 3rd quarter. Douglas Lane & Associates LLC now owns 130,877 shares of the software maker’s stock valued at $36,084,000 after acquiring an additional 26,030 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU opened at $342.64 on Thursday. The business’s 50-day moving average is $317.79 and its 200-day moving average is $354.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $91.57 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.12 and a beta of 0.91. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $682.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wolfe Research lowered shares of Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. Mizuho reissued an “outperform” rating and set a $430.00 target price on shares of Intuit in a research note on Friday, September 18th. UBS Group restated a “neutral” rating on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. cut Intuit from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Finally, Susquehanna decreased their target price on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a research report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $431.68.

Intuit 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.