Navera Investment Management Ltd. Grows Stake in Intuit Inc. $INTU

Navera Investment Management Ltd. grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,549 shares of the software maker’s stock after purchasing an additional 53,994 shares during the quarter. Intuit makes up approximately 6.2% of Navera Investment Management Ltd.’s investment portfolio, making the stock its 4th largest position. Navera Investment Management Ltd. owned approximately 0.17% of Intuit worth $324,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Dogwood Wealth Management LLC increased its stake in shares of Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the 2nd quarter valued at approximately $28,000. Finally, True Wealth Design LLC grew its position in Intuit by 270.0% in 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 during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The shares were 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 owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last quarter. 2.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on INTU. Daiwa Capital Markets increased their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group assumed coverage on shares of Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. UBS Group set a $739.00 price target on shares of Intuit in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $700.00 target price (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $794.62.

Intuit Trading Down 1.7%

Shares of INTU stock opened at $545.29 on Friday. The stock has a market cap of $151.74 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $648.60 and a 200 day simple moving average of $684.14.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

About Intuit

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.