13,396 Shares in Intuit Inc. $INTU Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,396 shares of the software maker’s stock, valued at approximately $9,148,000.

A number of other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Intuit in the second quarter worth about $1,733,000. Wilmington Savings Fund Society FSB raised its position in shares of Intuit by 19.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after purchasing an additional 4,913 shares during the period. Liberty One Investment Management LLC lifted its holdings in shares of Intuit by 31.8% during the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock valued at $6,580,000 after purchasing an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH bought a new position in shares of Intuit during the 2nd quarter valued at about $830,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Up 3.0%

Shares of NASDAQ:INTU opened at $563.97 on Friday. The company’s 50-day moving average price is $637.23 and its two-hundred day moving average price is $676.53. Intuit Inc. has a one year low of $520.69 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $156.94 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25.

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. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company earned $2.50 EPS. Intuit’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, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.9%. Intuit’s dividend payout ratio is currently 32.81%.

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. 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 report on Thursday, January 8th. KeyCorp dropped their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Thursday. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

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.