J. Safra Sarasin Holding AG Cuts Stock Position in Intuit Inc. $INTU

J. Safra Sarasin Holding AG lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 32.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,935 shares of the software maker’s stock after selling 1,417 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Intuit were worth $1,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in INTU. Sagard Holdings Management Inc. acquired a new stake in Intuit during the 2nd quarter worth approximately $28,000. MTM Investment Management LLC grew its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Intuit during the second quarter worth $33,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the third quarter valued at $33,000. Finally, Kilter Group LLC purchased a new position in Intuit in the second quarter valued at $35,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’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 transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 43,001 shares of company stock valued at $27,798,928. 2.49% of the stock is owned by corporate insiders.

Intuit Stock Up 0.8%

Intuit stock opened at $432.38 on Wednesday. Intuit Inc. has a 1-year low of $349.00 and a 1-year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $119.57 billion, a PE ratio of 28.00, a P/E/G ratio of 1.72 and a beta of 1.27. The stock’s fifty day moving average is $443.98 and its two-hundred day moving average is $580.93.

Intuit (NASDAQ:INTU) last released its quarterly earnings data 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 return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the firm posted $3.32 EPS. The business’s quarterly revenue 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. On average, sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

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

Wall Street Analyst Weigh In

INTU has been the subject of several analyst reports. Wolfe Research set a $550.00 target price on Intuit and gave the stock an “outperform” rating in a research note on Thursday, March 12th. Wells Fargo & Company reduced their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Truist Financial initiated coverage on Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective for the company. Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective for the company in a research report on Friday, March 6th. Finally, Royal Bank Of Canada cut their target price on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intuit presently has an average 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.