Envestnet Portfolio Solutions Inc. Has $20.98 Million Holdings in Intuit Inc. $INTU

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 37.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,726 shares of the software maker’s stock after acquiring an additional 8,291 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Intuit were worth $20,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Intuit during the 2nd quarter valued at approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the first quarter valued at approximately $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit during the second quarter worth $782,677,000. Swedbank AB increased its holdings in shares of Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after buying an additional 751,027 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Intuit by 520.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock valued at $381,405,000 after acquiring an additional 468,547 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTU. UBS Group set a $739.00 price objective on Intuit in a research report on Tuesday, January 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. Daiwa Capital Markets boosted their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $794.62.

Intuit Trading Up 4.3%

Shares of INTU stock opened at $547.69 on Friday. Intuit Inc. has a 1-year low of $520.69 and a 1-year high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market cap of $152.41 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.14 and a beta of 1.25. The stock has a 50-day moving average of $639.19 and a 200-day moving average of $678.06.

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

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.9%. Intuit’s dividend payout ratio is 32.81%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the 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 completion of the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the transaction, the director directly owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock worth $255,514,393 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.

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.