Sumitomo Mitsui Financial Group Inc. Raises Stake in Intuit Inc. $INTU

Sumitomo Mitsui Financial Group Inc. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 8.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 46,637 shares of the software maker’s stock after acquiring an additional 3,655 shares during the quarter. Intuit comprises 0.6% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 26th largest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in Intuit were worth $31,849,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Telos Capital Management Inc. increased its position in Intuit by 2.6% in the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after acquiring an additional 15 shares during the period. Mcrae Capital Management Inc. grew its stake in shares of Intuit by 0.7% in the 2nd quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock valued at $1,723,000 after purchasing an additional 15 shares during the last quarter. Fort Sheridan Advisors LLC grew its stake in shares of Intuit by 2.1% in the 2nd quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after purchasing an additional 15 shares during the last quarter. BetterWealth LLC increased its holdings in shares of Intuit by 3.8% in the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after purchasing an additional 15 shares during the period. Finally, Sachetta LLC raised its stake in shares of Intuit by 23.8% during the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent research reports. Independent Research set a $875.00 price target on Intuit in a report on Tuesday, November 18th. Wells Fargo & Company cut their price objective on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research report on Tuesday. Mizuho set a $675.00 target price on shares of Intuit in a research note on Thursday, February 19th. BMO Capital Markets dropped their price target on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Finally, Oppenheimer cut their price target on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Twenty-two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $726.18.

Intuit Stock Performance

Shares of INTU opened at $394.42 on Friday. 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 $349.00 and a 52-week high of $813.70. The company has a 50-day simple moving average of $531.35 and a 200-day simple moving average of $620.12. The company has a market capitalization of $109.76 billion, a PE ratio of 26.96, a P/E/G ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the business posted $3.32 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beats — Intuit reported fiscal Q2 results that beat consensus on both EPS and revenue, showing solid revenue growth and margin expansion. Zacks: Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Strong FY EPS guidance — Intuit raised FY2026 EPS guidance (22.98–23.18), above consensus, signaling confidence in longer‑term earnings power even as revenue guidance was roughly in line. Company Press Release
• Positive Sentiment: Anthropic partnership — Intuit announced a multi‑year deal with Anthropic to bring customizable AI agents into its platform, reinforcing its product roadmap for AI-enabled offerings and helping allay fears that AI will commoditize its core businesses. The Information: Intuit Partners With Anthropic
• Neutral Sentiment: Market narrative and analyst views — Thought pieces argue Intuit sits among AI‑resilient software winners, but analysts remain mixed; some price‑target cuts and cautious reports leave near‑term sentiment fragile. MarketBeat: AI Separating Winners From Losers
• Negative Sentiment: Softer Q3 outlook and higher tax‑season marketing spend — Management warned of increased marketing costs during peak tax season and issued a Q3 guide that disappointed some investors, which was the main catalyst for the post‑earnings pullback. Proactive Investors: Soft Guidance Disappoints
• Negative Sentiment: Short interest and analyst pressure — Short interest rose meaningfully in February and several outlets published more pessimistic forecasts or lowered targets, adding selling pressure and raising the potential for continued volatility. American Banking News: Pessimistic Forecasts
• Positive Sentiment: Dividend and capital returns — The board approved a cash dividend, signaling confidence in cash flow and supporting shareholder returns amid the shakeout. TipRanks: Board Declares Cash Dividend

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.