CI Investments Inc. Boosts Stock Position in Intuit Inc. $INTU

CI Investments Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU) by 39.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,342 shares of the software maker’s stock after purchasing an additional 15,427 shares during the quarter. CI Investments Inc.’s holdings in Intuit were worth $23,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Joseph Group Capital Management purchased a new position in shares of Intuit during the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit in the fourth quarter valued at about $25,000. HHM Wealth Advisors LLC increased its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Intuit during the first quarter worth about $30,000. Finally, CrossGen Wealth LLC purchased a new position in Intuit during the first quarter worth about $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on INTU. Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $580.00 to $335.00 in a research report on Tuesday. HSBC lowered their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Evercore cut their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Susquehanna decreased their price target on Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research note on Monday. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $468.84.

Intuit Stock Performance

NASDAQ:INTU opened at $284.47 on Thursday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50 day moving average price of $297.51 and a 200 day moving average price of $396.75. The stock has a market capitalization of $77.81 billion, a P/E ratio of 17.23, a PEG ratio of 1.06 and a beta of 1.00.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping 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 company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the prior year, the firm earned $11.65 earnings per share. 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. Equities research analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, adding a spend-management and rewards product that could deepen the company’s ecosystem and support growth in its small-business segment. Article link
• Neutral Sentiment: Several articles reiterated Intuit’s longer-term growth appeal and highlighted its enterprise and QuickBooks platform strengths, but these were largely commentary pieces rather than fresh catalysts.
• Negative Sentiment: Multiple law firms announced or repeated reminders about a securities-fraud class action against Intuit, alleging misstatements or omissions about TurboTax’s competitive position, pricing pressure, and the strength of the tax business. These legal headlines can weigh on investor sentiment and raise uncertainty around the stock. Article link
• Negative Sentiment: Separately, Morgan Stanley’s cautious coverage and lowered expectations added to the pressure on Intuit and other software names, reinforcing concerns about near-term sentiment. Article link

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.