Sumitomo Mitsui Financial Group Inc. Purchases 2,681 Shares of Intuit Inc. $INTU

Sumitomo Mitsui Financial Group Inc. increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 6.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,982 shares of the software maker’s stock after buying an additional 2,681 shares during the period. Intuit accounts for 0.6% of Sumitomo Mitsui Financial Group Inc.’s holdings, making the stock its 25th biggest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in Intuit were worth $33,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of INTU. Findlay Park Partners LLP raised its position in shares of Intuit by 15.3% in the 2nd quarter. Findlay Park Partners LLP now owns 455,645 shares of the software maker’s stock worth $358,880,000 after acquiring an additional 60,500 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Intuit by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after purchasing an additional 152 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in Intuit by 43.9% in the second quarter. Vinva Investment Management Ltd now owns 17,586 shares of the software maker’s stock valued at $13,657,000 after buying an additional 5,369 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $3,518,000. Finally, Choreo LLC increased its stake in shares of Intuit by 32.1% in the 2nd quarter. Choreo LLC now owns 11,528 shares of the software maker’s stock valued at $9,080,000 after acquiring an additional 2,799 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 2.9%

NASDAQ INTU opened at $629.13 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $665.60 and a 200 day simple moving average of $707.22. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market capitalization of $175.15 billion, a P/E ratio of 45.79, a PEG ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $2.50 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio is currently 32.81%.

Wall Street Analyst Weigh In

A number of research firms have commented on INTU. 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. Daiwa Capital Markets increased their price objective on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp decreased their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. UBS Group reduced their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Finally, Wolfe Research decreased their price objective on Intuit from $900.00 to $870.00 in a report on Friday, November 21st. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $798.20.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,836 shares of company stock valued at $1,235,203 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

About Intuit

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.