Canada Pension Plan Investment Board purchased a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 861,419 shares of the software maker’s stock, valued at approximately $224,830,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. XXEC Inc. bought a new position in Intuit during the second quarter worth $436,740,000. BlackRock Inc. bought a new stake in Intuit in the second quarter valued at $6,851,859,000. State Street Corp increased its position in Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Geode Capital Management LLC raised its stake in Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares during the period. Finally, Morgan Stanley raised its stake in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after buying an additional 60,910 shares during the period. 83.66% of the stock is currently owned by institutional investors.
Insider Transactions at Intuit
In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by insiders.
Intuit Stock Down 3.4%
Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts expect that Intuit Inc. will post 18.19 EPS for the current fiscal year.
Intuit News Roundup
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
- Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
- Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend
Analysts Set New Price Targets
A number of equities research analysts have commented on INTU shares. UBS Group reissued a “neutral” rating on shares of Intuit in a research note on Tuesday, August 18th. Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Citigroup decreased their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Susquehanna lowered their price objective on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a report on Monday, July 20th. Twenty equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.
Get Our Latest Analysis on INTU
About Intuit
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.
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