Metis Global Partners LLC Raises Stock Holdings in Intuit Inc. $INTU

Metis Global Partners LLC raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,359 shares of the software maker’s stock after buying an additional 508 shares during the period. Metis Global Partners LLC’s holdings in Intuit were worth $14,460,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INTU. Westside Investment Management Inc. boosted its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the period. LGT Financial Advisors LLC bought a new position in Intuit during the 2nd quarter valued at approximately $32,000. Spurstone Advisory Services LLC purchased a new stake in Intuit in the 2nd quarter worth approximately $35,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Intuit in the 2nd quarter worth approximately $37,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays dropped their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Bank of America dropped their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Citigroup decreased their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Down 0.7%

NASDAQ:INTU opened at $648.85 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50-day simple moving average is $668.65 and its 200 day simple moving average is $704.35. The firm has a market capitalization of $180.90 billion, a P/E ratio of 47.22, a PEG ratio of 2.53 and a beta of 1.25.

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

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

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.