Mirova US LLC Acquires 1,633 Shares of Intuit Inc. $INTU

Mirova US LLC grew its stake in Intuit Inc. (NASDAQ:INTU) by 50.7% during the third quarter, HoldingsChannel reports. The fund owned 4,851 shares of the software maker’s stock after acquiring an additional 1,633 shares during the quarter. Mirova US LLC’s holdings in Intuit were worth $3,313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in INTU. Tortoise Investment Management LLC raised its holdings in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC increased its position in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in Intuit in the second quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on INTU shares. Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. Finally, Daiwa Capital Markets lifted their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $796.60.

Intuit Stock Performance

Shares of INTU stock opened at $674.15 on Tuesday. The stock has a market cap of $187.60 billion, a PE ratio of 46.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The business has a 50-day simple moving average of $660.20 and a 200-day simple moving average of $697.34. 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 (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

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

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $658.84, for a total value of $49,413,000.00. Following the completion of the transaction, the director owned 5,893,679 shares of the company’s stock, valued at approximately $3,882,991,472.36. This represents a 1.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 270,897 shares of company stock worth $177,368,310. Company insiders own 2.49% of the company’s stock.

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.