Fulcrum Capital LLC Has $9.81 Million Stake in Intuit Inc. $INTU

Fulcrum Capital LLC lifted its stake in Intuit Inc. (NASDAQ:INTU) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,362 shares of the software maker’s stock after purchasing an additional 1,975 shares during the quarter. Intuit accounts for 2.0% of Fulcrum Capital LLC’s portfolio, making the stock its 18th largest position. Fulcrum Capital LLC’s holdings in Intuit were worth $9,808,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC grew its holdings in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its position in Intuit by 161.5% during the second 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 last quarter. Dogwood Wealth Management LLC grew its stake in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in Intuit in the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC raised its stake in shares of 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 purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 in the last three months. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTU shares. UBS Group set a $739.00 price target on shares of Intuit in a research note on Tuesday, January 6th. TD Cowen initiated coverage on shares of Intuit in a research report on Thursday, January 8th. They set a “buy” rating and a $802.00 target price on the stock. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Finally, Cowen initiated coverage on Intuit in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $794.62.

Intuit Trading Down 1.7%

Intuit stock opened at $545.29 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $151.74 billion, a PE ratio of 37.27, a PEG ratio of 2.27 and a beta of 1.25. The business’s 50-day simple moving average is $648.60 and its 200-day simple moving average is $684.80.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (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 firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.50 EPS. The company’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.9%. Intuit’s dividend payout ratio is currently 32.81%.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.