Deutsche Bank AG Acquires 257,944 Shares of Intuit Inc. $INTU

Deutsche Bank AG raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 19.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,599,873 shares of the software maker’s stock after purchasing an additional 257,944 shares during the quarter. Deutsche Bank AG’s holdings in Intuit were worth $1,059,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTU. Norges Bank bought a new stake in shares of Intuit during the 4th quarter valued at $3,058,407,000. Alliancebernstein L.P. raised 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 last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. Vanguard Group Inc. raised its position in shares of Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Intuit by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after acquiring an additional 471,451 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of several recent research reports. Mizuho dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Wells Fargo & Company decreased their price target on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Stifel Nicolaus decreased their price target on shares of Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Susquehanna decreased their price target on shares of Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a report on Friday, May 22nd. Finally, UBS Group decreased their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $514.58.

Intuit Price Performance

Shares of INTU stock opened at $293.78 on Wednesday. Intuit Inc. has a 12-month low of $291.18 and a 12-month high of $813.70. The firm has a market capitalization of $80.36 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $372.58 and a 200-day moving average of $480.60.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $8.54 billion. During the same quarter in the previous year, the business earned $11.65 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 2.49% of the stock is currently owned by corporate insiders.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit continues to highlight solid underlying business trends, including roughly 10%+ revenue growth and management commentary from recent conference appearances that can help reassure investors about the company’s long-term fundamentals.
• Positive Sentiment: Recent coverage still frames Intuit as a growth stock, and some analysts/investors point to share repurchases, dividend increases, and strength in key segments like tax and payments as signs of ongoing cash generation and confidence in the business.
• Neutral Sentiment: Multiple conference transcript posts from the Mizuho Technology Conference and Nasdaq & Jefferies investor conference likely kept Intuit in focus, but these appear to be informational rather than new catalysts.
• Neutral Sentiment: MarketWatch-style relative-performance and benchmarking pieces suggest INTU has been lagging peers, but these articles mainly reflect comparison-based weakness rather than a company-specific shock.
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a major driver of the stock move.
• Negative Sentiment: The biggest pressure point is a wave of securities-fraud and investor-investigation headlines tied to alleged pricing issues around TurboTax and the post-earnings selloff, which can weigh on sentiment and raise litigation overhang concerns. Article Title
• Negative Sentiment: Additional law-firm investigations from Pomerantz, KSF, and BFA reinforce the same legal-risk narrative, which can keep INTU under pressure even if fundamentals remain intact. Article Title
• Negative Sentiment: Articles noting Intuit as one of the worst performers in the Nasdaq 100 this year may be fueling momentum selling and “bad news is bad news” trading behavior.

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.