LeConte Wealth Management LLC Takes $210,000 Position in Intuit Inc. $INTU

LeConte Wealth Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 267 shares of the software maker’s stock, valued at approximately $210,000.

Several other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management purchased a new stake in Intuit in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit in the fourth quarter valued at approximately $28,000. Vista Cima Wealth Management LLC purchased a new stake in Intuit in the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC raised its position in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares during the period. Finally, TD Capital Management LLC raised its position in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an “overweight” rating in a research report on Friday, June 13th. Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price on the stock. Barclays cut their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Stock Down 0.6%

Intuit stock opened at $694.79 on Thursday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock’s fifty day simple moving average is $712.39 and its 200-day simple moving average is $686.87. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $193.71 billion, a P/E ratio of 50.57, a P/E/G ratio of 2.70 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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 expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s dividend payout ratio is currently 30.28%.

Insider Transactions at Intuit

In related news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares of the company’s stock, valued at $14,704.10. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock valued at $7,558,613 over the last ninety days. Company insiders own 2.68% of the company’s stock.

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.