National Pension Service Increases Holdings in Intuit Inc. $INTU

National Pension Service boosted its position in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 672,060 shares of the software maker’s stock after purchasing an additional 16,170 shares during the quarter. National Pension Service owned about 0.24% of Intuit worth $458,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Sagard Holdings Management Inc. bought a new position in shares of Intuit during the second quarter valued at approximately $28,000. True Wealth Design LLC increased its holdings in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the period. Finally, LGT Financial Advisors LLC bought a new position in Intuit in the second quarter worth approximately $32,000. 83.66% of the stock is owned by institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTU. BMO Capital Markets dropped their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Independent Research set a $875.00 price objective on Intuit in a research note on Tuesday, November 18th. The Goldman Sachs Group began coverage on Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a report on Wednesday. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $791.73.

View Our Latest Research Report on Intuit

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by corporate insiders.

Intuit Trading Down 0.8%

Intuit stock opened at $498.92 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $138.83 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25. The stock has a 50-day moving average of $625.24 and a two-hundred day moving average of $668.53. Intuit Inc. has a one year low of $491.72 and a one year high of $813.70.

Intuit (NASDAQ:INTUGet Free Report) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts anticipate 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 was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

About Intuit

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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