Ninety One UK Ltd Has $1.15 Billion Position in Intuit Inc. $INTU

Ninety One UK Ltd raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,458,792 shares of the software maker’s stock after acquiring an additional 51,110 shares during the period. Intuit makes up 2.7% of Ninety One UK Ltd’s holdings, making the stock its 8th largest position. Ninety One UK Ltd’s holdings in Intuit were worth $1,148,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of INTU. KMG Fiduciary Partners LLC raised its stake in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after purchasing an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after buying an additional 14 shares during the last quarter. Peloton Wealth Strategists raised its position in Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after acquiring an additional 15 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its stake in Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. grew its position in Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after acquiring an additional 16 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 1.7%

Intuit stock opened at $682.91 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The business’s 50-day simple moving average is $706.99 and its 200-day simple moving average is $690.46. The firm has a market capitalization of $190.40 billion, a PE ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio is 30.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on INTU shares. Citigroup cut their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Oppenheimer increased their price objective on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 2,591 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. This represents a 77.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,376 shares of company stock worth $4,056,031. 2.68% of the stock is owned by insiders.

Intuit Company 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.