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Concord increased its Intuit stake to $2.21M amid strong earnings and raised guidance.
Concord Asset Management LLC VA increased its stake in Intuit Inc. to 2,811 shares, worth about $2.21 million, while M3 Advisory Group LLC reduced its holding by 6.9%.
Intuit reported strong second-quarter results on August 21, with $2.75 EPS and $3.83 billion in revenue, up 20.3% year-over-year.
The company raised its fiscal 2026 guidance and increased its quarterly dividend to $1.20.
The stock, trading around $641.79, has a market cap of $178.93 billion and a "Moderate Buy" analyst consensus with a target of $791.82.
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Concord aumentó su participación en Intuit a $2.21M en medio de fuertes ganancias y aumentó la orientación.