Erste Asset Management GmbH Purchases 63,717 Shares of Intuit Inc. $INTU

Erste Asset Management GmbH increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 59.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,039 shares of the software maker’s stock after acquiring an additional 63,717 shares during the quarter. Intuit makes up 1.0% of Erste Asset Management GmbH’s investment portfolio, making the stock its 25th largest position. Erste Asset Management GmbH’s holdings in Intuit were worth $113,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its holdings in Intuit by 13.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after buying an additional 6,999 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Intuit by 37.6% in the 4th quarter. Manchester Capital Management LLC now owns 830 shares of the software maker’s stock valued at $550,000 after purchasing an additional 227 shares during the period. Hilton Head Capital Partners LLC bought a new position in Intuit during the 4th quarter valued at approximately $599,000. Palladiem LLC bought a new position in Intuit during the 4th quarter valued at approximately $104,000. Finally, Syon Capital LLC increased its position in Intuit by 6.8% during the 4th quarter. Syon Capital LLC now owns 4,239 shares of the software maker’s stock valued at $2,808,000 after buying an additional 269 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on INTU shares. KeyCorp cut their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. UBS Group lowered their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $514.58.

Intuit Stock Performance

Shares of INTU opened at $296.76 on Monday. Intuit Inc. has a 12 month low of $293.67 and a 12 month high of $813.70. The stock has a fifty day moving average price of $377.58 and a 200-day moving average price of $485.54. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market cap of $81.18 billion, a PE ratio of 17.97, a P/E/G ratio of 1.09 and a beta of 0.98.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares in the company, valued at approximately $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Intuit 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.