77,100 Shares in Intuit Inc. $INTU Acquired by Spear Holdings RSC Ltd

Spear Holdings RSC Ltd bought a new position in Intuit Inc. (NASDAQ:INTU) in the third quarter, Holdings Channel.com reports. The institutional investor bought 77,100 shares of the software maker’s stock, valued at approximately $52,652,000. Intuit accounts for approximately 3.0% of Spear Holdings RSC Ltd’s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC raised its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in shares of Intuit during the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC grew its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

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

Intuit Stock Performance

Shares of NASDAQ INTU opened at $547.69 on Friday. Intuit Inc. has a 1-year low of $520.69 and a 1-year high of $813.70. The stock’s 50-day moving average is $639.19 and its 200 day moving average is $678.06. 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 market cap of $152.41 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.14 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. 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 firm earned $2.50 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a dividend of $1.20 per share. 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 32.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INTU shares. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Wells Fargo & Company restated an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Truist Financial initiated coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target on the stock. UBS Group set a $739.00 price target on Intuit in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group assumed coverage on Intuit in a research report on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $794.62.

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.