Concurrent Investment Advisors LLC Acquires 348 Shares of Intuit Inc. $INTU

Concurrent Investment Advisors LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,585 shares of the software maker’s stock after acquiring an additional 348 shares during the period. Concurrent Investment Advisors LLC’s holdings in Intuit were worth $4,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. Dogwood Wealth Management LLC grew its position 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 purchasing an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in Intuit in the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC grew its position 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 purchasing an additional 47 shares in the last quarter. TD Capital Management LLC grew its position 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 purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in Intuit in the 1st quarter worth about $37,000. 83.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTU. Rothschild & Co Redburn upped their price objective on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. Oppenheimer increased their target price on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, CLSA started coverage on shares of Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred 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 sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the 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 completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 in the last three months. 2.68% of the stock is currently owned by corporate insiders.

Intuit Stock Performance

NASDAQ INTU opened at $655.68 on Tuesday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $182.80 billion, a PE ratio of 47.72, a P/E/G ratio of 2.48 and a beta of 1.25. The company’s 50 day simple moving average is $684.34 and its two-hundred day simple moving average is $694.59.

Intuit (NASDAQ:INTU) last posted its earnings results 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. 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 analysts’ expectations of $3.75 billion. During the same period in the prior year, the company posted $1.99 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. 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. Intuit’s dividend 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.