LeConte Wealth Management LLC Acquires Shares of 267 Intuit Inc. $INTU

LeConte Wealth Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 267 shares of the software maker’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of INTU. Brighton Jones LLC boosted its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Intuit in the fourth quarter valued at $64,000. Heck Capital Advisors LLC acquired a new position in Intuit in the fourth quarter valued at $28,000. Finally, Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth about $25,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares of the company’s stock, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the transaction, the chief accounting officer directly owned 455 shares of the company’s stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock valued at $7,558,613 in the last 90 days. 2.68% of the stock is owned by corporate insiders.

Intuit Trading Down 0.6%

NASDAQ INTU opened at $694.79 on Thursday. The stock 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 Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm has a 50-day moving average price of $712.39 and a 200 day moving average price of $686.87. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last posted its quarterly 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 firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company posted $1.99 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis 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 30.28%.

Wall Street Analyst Weigh In

INTU has been the subject of several recent research reports. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn increased their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus decreased their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an “overweight” rating in a research note on Friday, June 13th. Finally, Citigroup decreased their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit 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.