Mirae Asset Global Investments Co. Ltd. Has $102.19 Million Stock Position in Intuit Inc. $INTU

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 35.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,740 shares of the software maker’s stock after selling 71,319 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Intuit were worth $102,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. J. Safra Sarasin Holding AG boosted its holdings in Intuit by 89.6% during the second quarter. J. Safra Sarasin Holding AG now owns 6,138 shares of the software maker’s stock valued at $4,834,000 after purchasing an additional 2,900 shares in the last quarter. EWA LLC boosted its holdings in Intuit by 3.8% during the second quarter. EWA LLC now owns 708 shares of the software maker’s stock valued at $558,000 after purchasing an additional 26 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its holdings in Intuit by 9.1% during the second quarter. Warren Street Wealth Advisors LLC now owns 492 shares of the software maker’s stock valued at $388,000 after purchasing an additional 41 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in Intuit by 46.7% during the second quarter. Pure Financial Advisors LLC now owns 609 shares of the software maker’s stock valued at $480,000 after purchasing an additional 194 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Intuit by 39.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 246,238 shares of the software maker’s stock worth $193,944,000 after acquiring an additional 69,252 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Up 0.3%

NASDAQ:INTU opened at $681.86 on Friday. The stock’s fifty day moving average price is $703.07 and its two-hundred day moving average price is $690.94. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $190.11 billion, a price-to-earnings ratio of 49.63, a P/E/G ratio of 2.62 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business earned $1.99 EPS. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Analyst Ratings Changes

A number of research firms recently commented on INTU. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an “overweight” rating in a research report on Friday, June 13th. KeyCorp decreased their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Morgan Stanley decreased their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, CLSA began coverage on Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director owned 15,474 shares of the company’s stock, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,785 shares of company stock worth $2,029,299. Company insiders own 2.68% of the company’s stock.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.