Intermede Investment Partners Ltd Purchases New Stake in Intuit Inc. $INTU

Intermede Investment Partners Ltd acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,847 shares of the software maker’s stock, valued at approximately $50,905,000. Intuit comprises approximately 2.1% of Intermede Investment Partners Ltd’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. MTM Investment Management LLC lifted its stake in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Intuit during the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Finally, Steph & Co. increased its position in Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after buying an additional 45 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

INTU stock opened at $319.94 on Monday. The stock has a 50-day simple moving average of $403.55 and a two-hundred day simple moving average of $509.35. Intuit Inc. has a twelve month low of $302.36 and a twelve month high of $813.70. The firm has a market capitalization of $87.52 billion, a PE ratio of 19.38, a PEG ratio of 1.29 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. Intuit’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $11.65 earnings per share. 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 analysts predict that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
• Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands

Analysts Set New Price Targets

A number of research analysts have recently commented on INTU shares. The Goldman Sachs Group dropped their price target on Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Northcoast Research cut their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus reduced their target price on shares of Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Truist Financial lowered their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $546.29.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated 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 directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by insiders.

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.