L2 Asset Management LLC acquired a new position in Intuit Inc. (NASDAQ:INTU – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,560 shares of the software maker’s stock, valued at approximately $407,000.
Several other large investors have also made changes to their positions in the business. Rakuten Investment Management Inc. lifted its stake in shares of Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after buying an additional 43,389 shares during the period. Bank of New York Mellon Corp grew its position in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares in the last quarter. Vestcor Inc increased its stake in Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after acquiring an additional 9,148 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after purchasing an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after purchasing an additional 6,999 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
Insider Activity
In related news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.
Intuit News Roundup
- 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
Intuit Stock Performance
Shares of NASDAQ:INTU opened at $357.46 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average price is $302.38 and its two-hundred day moving average price is $357.99. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The stock has a market capitalization of $97.78 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97.
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $2.75 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts predict that Intuit Inc. will post 18.19 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on INTU shares. KeyCorp lowered their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group reduced their price objective on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday. Wells Fargo & Company decreased their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Stifel Nicolaus reissued a “hold” rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Finally, TD Cowen reissued a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $449.65.
Read Our Latest Analysis on Intuit
Intuit Company 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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