Van ECK Associates Corp Acquires 2,469 Shares of Intuit Inc. $INTU

Van ECK Associates Corp grew its stake in Intuit Inc. (NASDAQ:INTU) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 62,485 shares of the software maker’s stock after buying an additional 2,469 shares during the period. Van ECK Associates Corp’s holdings in Intuit were worth $42,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. NEOS Investment Management LLC increased its holdings in Intuit by 63.8% during the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its stake in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after acquiring an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC bought a new position in shares of Intuit during the 3rd quarter valued at approximately $1,465,000. Hantz Financial Services Inc. increased its stake in shares of Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after purchasing an additional 10,661 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director directly owned 5,668,182 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was 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 represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,835 shares of company stock valued at $79,679,393 over the last three months. 2.49% of the stock is owned by corporate insiders.

Intuit Price Performance

Intuit stock opened at $440.45 on Thursday. The firm has a market capitalization of $121.81 billion, a P/E ratio of 28.53, a PEG ratio of 1.82 and a beta of 1.26. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day moving average price of $490.65 and a 200-day moving average price of $603.35.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the firm posted $3.32 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

Several brokerages have weighed in on INTU. Wolfe Research reduced their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Rothschild & Co Redburn raised Intuit from a “neutral” rating to a “buy” rating and upped their price target for the company from $670.00 to $700.00 in a research report on Tuesday. Scotiabank set a $575.00 price target on Intuit in a research note on Friday, March 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $643.29.

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.