Libra Wealth LLC Has $451,000 Holdings in Intuit Inc. $INTU

Libra Wealth LLC raised its position in Intuit Inc. (NASDAQ:INTU) by 4.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 573 shares of the software maker’s stock after purchasing an additional 26 shares during the quarter. Libra Wealth LLC’s holdings in Intuit were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INTU. Nuveen LLC bought a new position in shares of Intuit in the first quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the first quarter worth about $785,564,000. Price T Rowe Associates Inc. MD raised its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after acquiring an additional 375,742 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INTU shares. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. CLSA began coverage on shares of Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is currently owned by company insiders.

Intuit Price Performance

INTU opened at $641.79 on Friday. The company has a fifty day moving average price of $686.93 and a two-hundred day moving average price of $693.65. 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 Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a market capitalization of $178.93 billion, a PE ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase 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 is Thursday, October 9th. Intuit’s dividend payout ratio is presently 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.