Resona Asset Management Co. Ltd. Trims Position in Intuit Inc. $INTU

Posted by George Bondi on May 19th, 2026

Resona Asset Management Co. Ltd. cut its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 93,890 shares of the software maker’s stock after selling 3,263 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Intuit were worth $62,381,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in INTU. Joseph Group Capital Management bought a new stake in shares of Intuit during the fourth quarter valued at approximately $25,000. MTM Investment Management LLC boosted its position in shares of Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit during the third quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Finally, Steph & Co. boosted its position in shares of Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTU shares. UBS Group dropped their price target on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company dropped their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. TD Cowen dropped their price target on Intuit from $633.00 to $576.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Wolfe Research set a $550.00 price target on Intuit and gave the company an “outperform” rating in a research report on Thursday, March 12th. Finally, Argus dropped their price target on Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $634.26.

View Our Latest Stock Analysis on Intuit

Intuit Trading Up 2.6%

Intuit stock opened at $403.16 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $412.33 and its two-hundred day simple moving average is $518.12. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70. The company has a market capitalization of $111.49 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04.

Intuit (NASDAQ:INTU – Get Free Report) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts predict that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s dividend payout ratio is presently 31.09%.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by insiders.

Intuit Company Profile

(Free Report)

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.