MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $143.81 Million Stake in Intuit Inc. $INTU

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,555 shares of the software maker’s stock after selling 23,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Intuit were worth $143,811,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in INTU. Vanguard Group Inc. boosted its stake in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the period. State Street Corp increased its stake in 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 acquiring an additional 125,990 shares during the period. Norges Bank acquired a new position in Intuit in the 2nd quarter valued at $3,268,830,000. Invesco Ltd. lifted its position in shares of Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after acquiring an additional 271,407 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. 83.66% of the stock is owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Company will significantly speed up its existing buyback plan, signaling management believes shares are undervalued and returning cash to shareholders; markets interpreted this as a direct valuation-support action. Intuit Stock Rises On Accelerated Buyback Reports
• Positive Sentiment: Founder and senior executives terminated prescheduled/automated stock-sale plans, a sign of insider confidence and an attempt to stop perceived downward pressure from programmatic insider sales. Intuit Halts Insider Sales, Accelerates Share Repurchase Program
• Positive Sentiment: Management publicly called the stock “meaningfully misaligned” with fundamentals and moved to buy back shares, a clear signal intended to restore investor confidence amid recent weakness. Intuit Halts Management Stock Sales, Accelerates Buybacks
• Positive Sentiment: Street reaction includes fresh bullish notes and higher targets from several firms, reinforcing the view that the pullback may be an opportunity for long-term holders. Intuit Stock (INTU) Opinions on Accelerated Share Buybacks
• Neutral Sentiment: BNP Paribas Exane upgraded INTU from underperform to neutral with a $463 target — a modest endorsement that still leaves limited near‑term upside versus some higher analyst targets. Finviz (BNP Paribas Exane Upgrade)
• Neutral Sentiment: Some media and thematic pieces are pitching Intuit as a buy on the dip (AI/automation tailwinds and recent earnings strength cited), which can attract contrarian long‑term buyers but may not sway short‑term traders. Best 2 Tech Stocks to Buy Now on the Dip
• Negative Sentiment: Broader investor concern that AI and automation could pressure legacy software monetization remains a near‑term headwind for valuation; the management moves aim to counteract those sentiment-driven losses. How Intuit Is Reacting to a Stock Price That It Deems ‘Meaningfully Misaligned’
• Negative Sentiment: Historical insider selling has been heavy (many open‑market disposals over the past year), which some investors note as a caution despite the current halt; institutional portfolio rebalancing has also been material. Intuit Stock (INTU) Opinions on Accelerated Share Buybacks

Insider Activity at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,501 shares of company stock worth $79,983,892 in the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Performance

Intuit stock opened at $452.31 on Tuesday. Intuit Inc. has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $478.68 and its two-hundred day moving average price is $598.30. The stock has a market cap of $125.09 billion, a PE ratio of 29.29, a P/E/G ratio of 1.77 and a beta of 1.26.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. The business’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. As a group, analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit’s dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTU. Argus decreased their price target on Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company reduced their price objective on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. TD Cowen restated a “buy” rating on shares of Intuit in a research report on Monday. Wolfe Research set a $550.00 price target on shares of Intuit and gave the stock an “outperform” rating in a report on Thursday. Finally, Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.06.

Intuit Company 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.