Convergence Investment Partners LLC Takes $237,000 Position in Intuit Inc. $INTU

Convergence Investment Partners LLC acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 301 shares of the software maker’s stock, valued at approximately $237,000.

Other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its holdings in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC bought a new position in Intuit during the first quarter worth $31,000. CBIZ Investment Advisory Services LLC lifted its stake in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. LGT Financial Advisors LLC bought a new position in shares of Intuit in the 2nd quarter worth about $32,000. Finally, TD Capital Management LLC lifted its holdings in Intuit by 511.1% in the first 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 last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. KeyCorp cut their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Up 0.0%

Intuit stock opened at $683.39 on Tuesday. The firm has a market cap of $190.53 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm’s 50 day moving average price is $671.10 and its two-hundred day moving average price is $700.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm posted $1.99 EPS. The company’s quarterly 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. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This is a boost from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s payout ratio is currently 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.