Lombard Odier Increases Stake in Intuit Inc. by 6.8% in Q2

Lombard Odier Asset Management Switzerland SA has increased its stake in Intuit Inc. by 6.8% during the second quarter of the year, according to a recent filing with the Securities and Exchange Commission (SEC). The asset management firm now holds 13,400 shares of the financial software company, valued at approximately $10,554,000 following the acquisition of an additional 853 shares during the reporting period.

Several other institutional investors have also adjusted their positions in Intuit. Notably, Tortoise Investment Management LLC boosted its stake by an impressive 540.0%, now owning 32 shares worth $25,000. Similarly, Westside Investment Management Inc. increased its holdings by 161.5%, now possessing 34 shares with a value of $27,000. Dogwood Wealth Management LLC and True Wealth Design LLC also reported significant increases in their stakes, with growth rates of 111.8% and 270.0%, respectively.

Institutional investors and hedge funds collectively hold around 83.66% of Intuit’s stock, reflecting strong confidence in the company’s performance.

Insider Transactions Highlight Market Activity

In related news, director Richard L. Dalzell sold 333 shares on September 11, generating a total of $220,162.95 at an average price of $661.15 per share. Following this transaction, Dalzell’s remaining shares amounted to 14,475, valued at approximately $9,570,146.25, marking a 2.25% decrease in ownership.

Additionally, director Scott D. Cook sold 75,000 shares on December 4, with the transaction totaling $49,232,250.00 at an average price of $656.43. Post-sale, Cook retains 6,043,679 shares valued around $3,967,252,205.97, a 1.23% reduction in ownership. Over the past ninety days, insiders have sold a total of 120,371 shares worth approximately $78,406,952, while insiders collectively own 2.49% of the company.

Market Performance and Analyst Forecasts

As of Tuesday, shares of Intuit Inc. (NASDAQ: INTU) opened at $656.24, experiencing a decline of 2.6%. The company holds a market capitalization of $182.61 billion with a PE ratio of 44.86 and a PEG ratio of 2.76. Over the past twelve months, Intuit’s stock has fluctuated between a low of $532.65 and a high of $813.70. Its fifty-day and two-hundred-day simple moving averages stand at $658.13 and $706.56, respectively.

Intuit recently reported earnings results for the quarter ending November 20, revealing an earnings per share (EPS) of $3.34, surpassing analyst estimates of $3.09 by $0.25. The firm generated revenue of $3.87 billion, exceeding expectations of $3.76 billion. Year-over-year, this represents an increase of 18.3%, up from $2.50 EPS in the same quarter last year. Looking forward, Intuit has provided guidance for Q2 2026, estimating EPS between $3.630 and $3.680.

Additionally, Intuit has announced a quarterly dividend of $1.20, set to be paid on January 16, 2024. Investors on record as of January 9 will qualify for this dividend, which translates to an annualized rate of $4.80 and a yield of 0.7%. The company’s payout ratio stands at 32.81%.

Intuit Inc. specializes in financial management and compliance products catering to a diverse clientele, including consumers, small businesses, and accounting professionals. The company operates across four primary segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.