Sumitomo Mitsui DS Asset Management Company Ltd Acquires 6,218 Shares of Intuit Inc. $INTU

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 70,384 shares of the software maker’s stock after acquiring an additional 6,218 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Intuit were worth $46,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sachetta LLC boosted its stake in Intuit by 23.8% in the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after acquiring an additional 15 shares during the last quarter. GW&K Investment Management LLC raised its holdings in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC lifted its stake in Intuit by 0.4% in the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after purchasing an additional 16 shares during the last quarter. Betterment LLC lifted its stake in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the last quarter. Finally, Crawford Investment Counsel Inc. grew its holdings in Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after purchasing an additional 17 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTU. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial started coverage on shares of Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and increased their target price for the stock from $670.00 to $700.00 in a research note on Tuesday, March 10th. Argus cut their price target on shares of Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $636.10.

Intuit Stock Down 2.1%

INTU stock opened at $398.32 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $415.20 and its 200 day moving average is $535.89. The stock has a market cap of $110.16 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. Intuit Inc. has a 1-year low of $342.11 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $3.32 earnings per share. Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts predict that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s payout ratio is 31.09%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Brokerage consensus remains constructive — the average recommendation is roughly a Buy/“Moderate Buy,” which helps cap downside and supports investor confidence. Intuit (INTU) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: Coverage is debating whether the stock is attractive after a ~35% one?year decline — the piece lays out both the potential valuation opportunity and the risks that still exist. Is It Time To Reconsider Intuit (INTU) After A 35% One Year Share Price Fall
• Neutral Sentiment: Short-term price action has shown occasional rebounds (recent close previously reported up ~2%), indicating intermittent buying even as broader concerns persist. Intuit (INTU) Advances While Market Declines: Some Information for Investors
• Neutral Sentiment: Operational news is low impact: an article on QuickBooks Enterprise support and a small TurboTax retail lease are positive for the franchise but unlikely to move the stock materially. Intuit QuickBooks Enterprise Support: Expert Help for Your Business Intuit TurboTax Signs 2.5K-SF Retail Lease at One Willoughby Square
• Neutral Sentiment: Be cautious about conflating similarly named firms: a recent press item about “Intuitive.ai” gaining AWS competency refers to a different company and is not material to Intuit Inc.’s fundamentals. Intuitive.ai achieves AWS Data and Analytics Competency as Enterprises Reassess the Foundations of AI
• Negative Sentiment: Valuation and technical headwinds: the stock is still well below its 200?day moving average and has fallen ~35% in the past year — factors that weigh on momentum and can keep downward pressure until growth visibility improves.
• Negative Sentiment: Analyst ratings may be blunt instruments — several articles note that average broker recommendations can be overly optimistic; if fundamentals or guidance slip, upside could be limited despite the “Buy” consensus. Intuit (INTU) Is Considered a Good Investment by Brokers: Is That True?

Intuit 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.