DLD Asset Management LP Buys New Shares in Intuit Inc. $INTU

DLD Asset Management LP bought a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, HoldingsChannel reports. The firm bought 309 shares of the software maker’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC raised its stake in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit in the first quarter valued at approximately $31,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s 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. This trade represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,836 shares of company stock worth $1,235,203. Insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of a number of recent analyst reports. Wolfe Research cut their price target on shares of Intuit from $900.00 to $870.00 in a report on Friday, November 21st. Morgan Stanley cut their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Wells Fargo & Company reduced their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Trading Down 2.9%

Shares of Intuit stock opened at $629.13 on Thursday. The stock has a fifty day simple moving average of $665.60 and a 200 day simple moving average of $707.22. The company has a market capitalization of $175.15 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm earned $2.50 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.