Intuit Inc. $INTU Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 719,257 shares of the software maker’s stock after buying an additional 53,201 shares during the quarter. Hsbc Holdings PLC’s holdings in Intuit were worth $476,726,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Intuit during the 4th quarter worth approximately $3,058,407,000. Alliancebernstein L.P. increased its position in Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after buying an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the first quarter valued at approximately $785,564,000. Arrowstreet Capital Limited Partnership lifted its stake in Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock valued at $1,274,391,000 after buying an additional 512,684 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after acquiring an additional 471,451 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $267.00 on Friday. The business’s 50 day moving average is $349.67 and its two-hundred day moving average is $461.22. Intuit Inc. has a twelve month low of $259.23 and a twelve month high of $813.70. The company has a market capitalization of $73.04 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company 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 $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest quarterly results were solid, with EPS and revenue both beating estimates and revenue rising 10.4% year over year, while Credit Karma continued to show traction with 15% revenue growth. Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Positive Sentiment: Some commentary remains constructive on Intuit’s AI strategy, with the company pushing automation across tax, accounting, and marketing tools and repositioning itself around AI-driven products. Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI
• Neutral Sentiment: Intuit raised about $1.74 billion through senior notes, which adds financial flexibility but also increases leverage slightly. Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target sharply to $275 from $375, citing growth concerns and the risk that guidance could come down as pricing changes take effect. Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Several reports say the stock has been hit by AI fears and a steep post-earnings selloff, with investors questioning whether growth can reaccelerate soon. Intuit (INTU) Down 13.1% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Intuit also faces legal overhang after law firms announced investigations into possible securities fraud tied to pricing issues and the stock’s sharp decline. Investor Rights Alert: Intuit (INTU) is being Investigated by BFA Law for Securities Fraud after Pricing Issues Cause 20% Stock Drop

Insiders Place Their Bets

In other news, Director Vasant M. Prabhu bought 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 955 shares of company stock valued at $273,855. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and reduced their price target for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Wolfe Research reiterated an “outperform” rating and set a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. Mizuho lowered their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research note on Wednesday. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $511.35.

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.