Phoenix Financial Ltd. Has $4.67 Million Holdings in Intuit Inc. $INTU

Phoenix Financial Ltd. lessened its position in Intuit Inc. (NASDAQ:INTU) by 50.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,839 shares of the software maker’s stock after selling 7,022 shares during the period. Phoenix Financial Ltd.’s holdings in Intuit were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INTU. Vanguard Group Inc. increased its stake in shares of Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares during the period. State Street Corp grew its holdings in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after buying an additional 125,990 shares during the last quarter. Geode Capital Management LLC increased its position in Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after buying an additional 115,721 shares during the period. Norges Bank acquired a new position in shares of Intuit during the second quarter worth approximately $3,268,830,000. Finally, Invesco Ltd. lifted its holdings in shares of Intuit by 13.2% during the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after buying an additional 407,078 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTU. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research note on Friday, November 21st. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. UBS Group set a $739.00 target price on shares of Intuit in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group initiated coverage on Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Price Performance

Shares of Intuit stock opened at $561.77 on Tuesday. 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 firm’s 50-day simple moving average is $635.54 and its 200-day simple moving average is $673.83. Intuit Inc. has a twelve month low of $520.69 and a twelve month high of $813.70. The firm has a market cap of $156.32 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly 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. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Buying and Selling

In other news, Director Scott D. Cook sold 1,402 shares of the company’s 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 approximately $3,786,458,939.64. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by insiders.

Intuit Company 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.