Capital World Investors Has $111.73 Million Stock Holdings in Intuit Inc. $INTU

Capital World Investors raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 187.8% during the fourth quarter, Holdings Channel reports. The firm owned 168,666 shares of the software maker’s stock after buying an additional 110,055 shares during the period. Capital World Investors’ holdings in Intuit were worth $111,728,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the third quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Steph & Co. boosted its holdings in Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Finally, High Point Wealth Management LLC acquired a new stake in Intuit during the fourth quarter valued at approximately $43,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

NASDAQ:INTU opened at $305.51 on Tuesday. Intuit Inc. has a 1 year low of $291.24 and a 1 year high of $813.70. The firm has a 50 day moving average of $375.04 and a 200-day moving average of $483.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $83.57 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 earnings per share. Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTU shares. Susquehanna decreased their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a report on Friday, May 22nd. Stifel Nicolaus decreased their price objective on Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Evercore decreased their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $514.58.

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.