Marshall Wace LLP Has $171.64 Million Stock Position in Intuit Inc. $INTU

Marshall Wace LLP cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 76.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,921 shares of the software maker’s stock after selling 689,854 shares during the period. Marshall Wace LLP owned 0.08% of Intuit worth $171,641,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the first quarter worth $785,564,000. Intrust Bank NA raised its holdings in Intuit by 12.6% during the first quarter. Intrust Bank NA now owns 1,848 shares of the software maker’s stock valued at $1,135,000 after buying an additional 207 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of Intuit by 6.6% during the 1st quarter. Exencial Wealth Advisors LLC now owns 871 shares of the software maker’s stock worth $535,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders sold 1,836 shares of company stock valued at $1,235,203 over the last 90 days. 2.49% of the stock is currently owned by corporate insiders.

Intuit Price Performance

Shares of Intuit stock opened at $663.08 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a fifty day moving average price of $659.39 and a two-hundred day moving average price of $706.04. The company has a market cap of $184.52 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 2.65 and a beta of 1.27.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s payout ratio is currently 32.81%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INTU shares. Wells Fargo & Company cut their price objective on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Friday, November 21st. Stifel Nicolaus dropped their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Daiwa Capital Markets boosted their price objective on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $798.20.

About Intuit

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.