Lafayette Investments Inc. Raises Stake in Intuit Inc. $INTU

Lafayette Investments Inc. lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 8.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 501 shares of the software maker’s stock after buying an additional 38 shares during the quarter. Lafayette Investments Inc.’s holdings in Intuit were worth $395,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD grew its position in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. Brown Advisory Inc. raised its position in Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after buying an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. raised its position in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

INTU opened at $664.77 on Tuesday. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock has a market cap of $185.34 billion, a P/E ratio of 48.38, a P/E/G ratio of 2.55 and a beta of 1.25. The stock’s 50 day simple moving average is $674.70 and its 200 day simple moving average is $696.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 earnings per share. 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, equities analysts anticipate 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 was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is 34.93%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTU. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley cut their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. BMO Capital Markets lifted their price target on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Company Profile

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.