Primecap Management Co. CA Acquires New Position in Intuit Inc. $INTU

Primecap Management Co. CA purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,110,067 shares of the software maker’s stock, valued at approximately $289,727,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new position in Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit in the 3rd quarter valued at approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit in the 4th quarter worth approximately $33,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Intuit in the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $357.46 on Wednesday. The stock has a market cap of $97.78 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The stock has a 50 day moving average of $302.38 and a two-hundred day moving average of $357.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts forecast that Intuit Inc. will post 18.19 earnings per share for the current year.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Mizuho cut their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Jefferies Financial Group lowered their price target on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Sunday. TD Cowen reiterated a “buy” rating on shares of Intuit in a report on Tuesday, August 18th. Citigroup dropped their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, BMO Capital Markets cut their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $449.65.

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.