Lazard Asset Management LLC Has $248.60 Million Holdings in Intuit Inc. $INTU

Lazard Asset Management LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 151.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 315,628 shares of the software maker’s stock after acquiring an additional 190,261 shares during the period. Lazard Asset Management LLC owned 0.11% of Intuit worth $248,596,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

INTU has been the subject of several research analyst reports. KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. 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 report on Friday, August 22nd. UBS Group lowered 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. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company reduced their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $798.20.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the transaction, the director directly owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. This represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 269,799 shares of company stock valued at $176,627,160. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Performance

NASDAQ INTU opened at $670.92 on Friday. 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 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market cap of $186.70 billion, a P/E ratio of 45.86, a PEG ratio of 2.77 and a beta of 1.27. The company’s 50-day simple moving average is $656.94 and its 200 day simple moving average is $705.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share 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 company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $2.50 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

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.