Intuit Inc. $INTU Stock Holdings Lessened by Intact Investment Management Inc.

Intact Investment Management Inc. cut its holdings in Intuit Inc. (NASDAQ:INTU) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,800 shares of the software maker’s stock after selling 800 shares during the period. Intact Investment Management Inc.’s holdings in Intuit were worth $3,781,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of INTU. Vanguard Group Inc. boosted its stake in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after acquiring an additional 377,657 shares during the period. State Street Corp raised its position in shares of Intuit by 1.0% during the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after purchasing an additional 125,990 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Geode Capital Management LLC boosted its position in Intuit by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after purchasing an additional 115,721 shares during the period. Finally, Wellington Management Group LLP boosted its position in Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. BMO Capital Markets lowered their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Daiwa Capital Markets upped their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Stock Performance

Shares of INTU opened at $662.43 on Thursday. The firm has a 50-day moving average price of $657.24 and a 200 day moving average price of $705.80. The firm has a market capitalization of $184.33 billion, a PE ratio of 45.28, a P/E/G ratio of 2.69 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. Intuit’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $653.42, for a total transaction of $217,588.86. Following the completion of the sale, the director owned 14,142 shares in the company, valued at approximately $9,240,665.64. This trade represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 269,466 shares of company stock valued at $176,407,397. 2.49% of the stock is owned by corporate insiders.

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.