Swiss Life Asset Management Ltd Acquires 4,380 Shares of Intuit Inc. $INTU

Swiss Life Asset Management Ltd raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,756 shares of the software maker’s stock after purchasing an additional 4,380 shares during the period. Swiss Life Asset Management Ltd’s holdings in Intuit were worth $72,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Asahi Life Asset Management CO. LTD. increased its stake in shares of Intuit by 88.9% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 988 shares of the software maker’s stock valued at $654,000 after purchasing an additional 465 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of Intuit by 4.2% during the fourth quarter. Drive Wealth Management LLC now owns 1,575 shares of the software maker’s stock valued at $1,044,000 after purchasing an additional 64 shares in the last quarter. ABN AMRO Bank N.V. increased its stake in shares of Intuit by 0.7% during the fourth quarter. ABN AMRO Bank N.V. now owns 6,865 shares of the software maker’s stock valued at $4,533,000 after purchasing an additional 48 shares in the last quarter. Income Insurance Ltd bought a new position in shares of Intuit during the fourth quarter valued at approximately $554,000. Finally, D Orazio & Associates Inc. increased its stake in shares of Intuit by 13.6% during the fourth quarter. D Orazio & Associates Inc. now owns 617 shares of the software maker’s stock valued at $409,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on INTU. Barclays reaffirmed an “overweight” rating and set a $540.00 target price on shares of Intuit in a research note on Monday, March 16th. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 target price for the company in a research note on Friday, March 6th. Wells Fargo & Company reduced their price target 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, February 24th. Royal Bank Of Canada reduced their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intuit from $850.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $636.10.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $396.31 on Monday. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $416.74 and its 200 day moving average is $532.27. The stock has a market capitalization of $109.60 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.59 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company posted $3.32 earnings per share. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

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.