Douglas Lane & Associates LLC Has $35.35 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Douglas Lane & Associates LLC increased its stake in Intuit Inc. by 31.8%, holding 44,880 shares worth approximately $35.35 million after a recent purchase.
• Intuit reported a Q4 EPS of $2.75, exceeding analysts' expectations, with a revenue of $3.83 billion, reflecting a year-over-year growth of 20.3%.
• The company recently announced a quarterly dividend increase to $1.20 per share, up from the previous $1.04, with a dividend yield of 0.7%.

Douglas Lane & Associates LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 31.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,880 shares of the software maker's stock after purchasing an additional 10,822 shares during the period. Douglas Lane & Associates LLC's holdings in Intuit were worth $35,348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its position in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the period. Bank Pictet & Cie Europe AG raised its position in Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after buying an additional 248 shares during the period. Silvercrest Asset Management Group LLC raised its position in Intuit by 4.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,079 shares of the software maker's stock valued at $5,078,000 after buying an additional 352 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new position in Intuit during the fourth quarter valued at $275,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock opened at $646.03 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock's 50-day moving average is $725.50 and its two-hundred day moving average is $683.46. The firm has a market cap of $180.11 billion, a P/E ratio of 47.02, a PEG ratio of 2.55 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company 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%.The business's revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 30.28%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on INTU. BMO Capital Markets upped their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. JPMorgan Chase & Co. dropped their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup dropped 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. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $1,362,748.42. Following the transaction, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. This represents a 79.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock worth $7,558,613 in the last 90 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.

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