Lecap Asset Management Ltd. Decreases Stake in Intuit Inc. $INTU

Key Points

• Lecap Asset Management Ltd. reduced its stake in Intuit Inc. by 13.7% in Q2, leaving it with 3,318 shares valued at approximately $2.6 million.
• Several institutional investors increased their stakes in Intuit, with Pure Financial Advisors LLC boosting theirs by 46.7%.
• Intuit announced a quarterly dividend increase to $1.20 per share, up from $1.04, reflecting a 0.7% yield.

Lecap Asset Management Ltd. cut its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 13.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,318 shares of the software maker's stock after selling 526 shares during the quarter. Intuit makes up approximately 0.9% of Lecap Asset Management Ltd.'s portfolio, making the stock its 15th biggest position. Lecap Asset Management Ltd.'s holdings in Intuit were worth $2,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EWA LLC boosted its stake in shares of Intuit by 3.8% during the second quarter. EWA LLC now owns 708 shares of the software maker's stock valued at $558,000 after acquiring an additional 26 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its position in Intuit by 9.1% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 492 shares of the software maker's stock valued at $388,000 after purchasing an additional 41 shares during the period. Pure Financial Advisors LLC boosted its position in Intuit by 46.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 609 shares of the software maker's stock worth $480,000 after acquiring an additional 194 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Intuit by 39.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 246,238 shares of the software maker's stock worth $193,944,000 after buying an additional 69,252 shares in the last quarter. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Intuit in the 2nd quarter valued at $158,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on INTU shares. Morgan Stanley cut their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus lowered their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Oppenheimer upped their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

Insider Activity at Intuit

In other news, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The stock was 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 in the company, valued at $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 ninety days, insiders have sold 2,785 shares of company stock worth $2,029,299. Company insiders own 2.68% of the company's stock.

Intuit Stock Down 0.5%

Shares of Intuit stock opened at $679.50 on Thursday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company's 50 day moving average is $705.06 and its 200 day moving average is $690.39. The company has a market cap of $189.44 billion, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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 company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the company posted $1.99 earnings per share. The firm's quarterly revenue 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. Research analysts anticipate 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. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio is 30.28%.

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.

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