Lee Danner & Bass Inc. Has $933,000 Holdings in Intuit Inc. $INTU

Key Points

• Lee Danner & Bass Inc. reduced its holdings in Intuit Inc. by 30.5% during the second quarter, now owning 1,185 shares valued at approximately $933,000.
• Intuit's quarterly revenue increased by 20.3% year-over-year, reporting $3.83 billion, along with an EPS of $2.75, surpassing analysts' estimates by $0.09.
• Intuit recently announced a quarterly dividend of $1.20 per share, reflecting an increase from the previous dividend of $1.04, which results in an annualized yield of 0.7%.

Lee Danner & Bass Inc. trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 30.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,185 shares of the software maker's stock after selling 521 shares during the period. Lee Danner & Bass Inc.'s holdings in Intuit were worth $933,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. KMG Fiduciary Partners LLC raised its stake in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock valued at $296,000 after buying an additional 14 shares in the last quarter. Weaver Capital Management LLC raised its holdings in shares of Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock valued at $888,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists raised its holdings in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after purchasing an additional 15 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its holdings in shares of Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker's stock valued at $1,317,000 after purchasing an additional 15 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company's stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 in the last ninety days. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on INTU. Rothschild & Co Redburn upped their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. UBS Group cut their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Oppenheimer boosted their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Citigroup lowered their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Price Performance

Shares of INTU opened at $683.82 on Friday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The business's fifty day moving average is $672.45 and its 200 day moving average is $697.02. 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 stock has a market cap of $190.65 billion, a P/E ratio of 49.76, a P/E/G ratio of 2.59 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during 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%.Intuit's quarterly 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. Sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is 34.93%.

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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