Massachusetts Financial Services Co. MA Purchases 468,547 Shares of Intuit Inc. $INTU

Massachusetts Financial Services Co. MA raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 520.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 558,499 shares of the software maker’s stock after purchasing an additional 468,547 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Intuit were worth $381,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit during the first quarter valued at approximately $785,564,000. Sivia Capital Partners LLC boosted its position in shares of Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in shares of Intuit by 5.6% in the 2nd quarter. Moody National Bank Trust Division now owns 414 shares of the software maker’s stock worth $326,000 after purchasing an additional 22 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group set a $739.00 price objective on Intuit in a research note on Tuesday, January 6th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Wolfe Research lowered their price target on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on shares of Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. Finally, Cowen assumed coverage on shares of Intuit in a research note on Wednesday, January 7th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $794.62.

Intuit Stock Down 1.7%

INTU stock opened at $545.29 on Monday. The company has a market cap of $151.74 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50-day moving average is $648.60 and its two-hundred day moving average is $683.51. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.50 EPS. The business’s quarterly 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. As a group, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by insiders.

Intuit Profile

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.