Guinness Asset Management LTD grew its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,169 shares of the software maker’s stock after acquiring an additional 7,885 shares during the quarter. Guinness Asset Management LTD’s holdings in Intuit were worth $50,001,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC grew its position in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC grew its position in shares of Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after purchasing an additional 16 shares during the period. Betterment LLC grew its position in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the period. Crawford Investment Counsel Inc. grew its position in shares of Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after purchasing an additional 17 shares during the period. Finally, Value Partners Investments Inc. grew its position in shares of Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after purchasing an additional 17 shares during the period. 83.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on INTU shares. Barclays decreased their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial decreased their price objective on Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday. Susquehanna decreased their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research report on Friday. Guggenheim set a $633.00 price objective on Intuit in a research report on Monday, March 16th. Finally, Rothschild & Co Redburn raised Intuit from a “neutral” rating to a “buy” rating and upped their price target for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.29.
Insiders Place Their Bets
In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.49% of the stock is currently owned by company insiders.
More Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
- Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
- Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands
Intuit Trading Up 4.2%
NASDAQ:INTU opened at $319.94 on Friday. Intuit Inc. has a twelve month low of $302.36 and a twelve month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $403.55 and a two-hundred day moving average price of $510.51. The company has a market cap of $87.52 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.
Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share 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 firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm posted $11.65 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal year.
Intuit Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. Intuit’s dividend payout ratio is 29.07%.
Intuit 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.
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