Bwcp LP Buys Shares of 34,548 Intuit Inc. $INTU

Bwcp LP bought a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, Holdings Channel.com reports. The institutional investor bought 34,548 shares of the software maker’s stock, valued at approximately $27,211,000. Intuit accounts for approximately 4.4% of Bwcp LP’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its position in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction 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 represents a 47.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 74,095 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the completion of the transaction, the director owned 5,819,584 shares in the company, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 269,799 shares of company stock worth $176,627,160. 2.49% of the stock is owned by insiders.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $670.92 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The business has a 50-day moving average of $656.94 and a two-hundred day moving average of $705.25. The stock has a market capitalization of $186.70 billion, a P/E ratio of 45.86, a P/E/G ratio of 2.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Wall Street Analyst Weigh In

INTU has been the topic of several research reports. UBS Group dropped their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. KeyCorp dropped their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company cut their price objective on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Barclays lowered their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut their price target on Intuit from $770.00 to $750.00 and set an “overweight” 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-two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

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.