Intuit Inc. $INTU Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 23.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 959,601 shares of the software maker’s stock after selling 288,092 shares during the quarter. Intuit comprises approximately 4.4% of Sustainable Growth Advisers LP’s portfolio, making the stock its 6th largest holding. Sustainable Growth Advisers LP’s holdings in Intuit were worth $635,659,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INTU. Norges Bank acquired a new stake in shares of Intuit in the fourth quarter worth $3,058,407,000. Alliancebernstein L.P. increased its position in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter valued at $785,564,000. Vanguard Group Inc. boosted its stake in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Intuit by 74.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,145 shares of the software maker’s stock valued at $646,618,000 after purchasing an additional 417,646 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Up 6.7%

NASDAQ INTU opened at $353.76 on Tuesday. Intuit Inc. has a 12 month low of $300.50 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $96.77 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. The company’s fifty day moving average price is $388.38 and its two-hundred day moving average price is $495.29.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the prior year, the firm posted $11.65 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts predict that Intuit Inc. will post 17.64 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

INTU has been the subject of several analyst reports. Guggenheim set a $633.00 target price on shares of Intuit in a research note on Monday, March 16th. Argus decreased their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Wolfe Research restated an “outperform” rating and issued a $400.00 target price on shares of Intuit in a research note on Thursday, May 21st. Susquehanna decreased their target price on shares of Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. Finally, Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and upped their target price for the company from $670.00 to $700.00 in a research note on Tuesday, March 10th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $525.65.

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.