Libra Wealth LLC Acquires 26 Shares of Intuit Inc. $INTU

Libra Wealth LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573 shares of the software maker’s stock after purchasing an additional 26 shares during the quarter. Libra Wealth LLC’s holdings in Intuit were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its holdings in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. RMG Wealth Management LLC bought a new position in Intuit in the 2nd quarter worth $37,000. CBIZ Investment Advisory Services LLC raised its holdings in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after acquiring an additional 47 shares during the period. TD Capital Management LLC raised its holdings in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after acquiring an additional 46 shares during the period. Finally, Olde Wealth Management LLC bought a new position in Intuit in the 1st quarter worth $37,000. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Bank of America dropped their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Finally, CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,407 shares of company stock worth $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $641.79 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50-day simple moving average is $686.93 and its 200-day simple moving average is $693.65. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a market cap of $178.93 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business earned $1.99 EPS. The firm’s revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.