Intuit Inc. $INTU Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 266.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 58,448 shares of the software maker’s stock after acquiring an additional 42,482 shares during the period. Cibc World Market Inc.’s holdings in Intuit were worth $38,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in shares of Intuit in the fourth quarter valued at about $25,000. Pin Oak Investment Advisors Inc. purchased a new position in Intuit in the 3rd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Steph & Co. boosted its holdings in Intuit by 346.2% in the 4th 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. Finally, High Point Wealth Management LLC acquired a new stake in Intuit in the 4th quarter worth about $43,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred 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 sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. 2.49% of the stock is owned by insiders.

Intuit Stock Performance

NASDAQ INTU opened at $301.86 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s fifty day moving average is $380.18 and its two-hundred day moving average is $487.99. The firm has a market capitalization of $82.57 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. Intuit Inc. has a fifty-two week low of $300.50 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the company earned $11.65 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Intuit Inc. will post 18.07 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. 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 payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTU. Guggenheim set a $633.00 target price on Intuit in a report on Monday, March 16th. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Daiwa Securities Group lowered their target price on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Finally, KeyCorp dropped their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $514.58.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Intuit investors, adding to concerns that the company could face shareholder litigation over its disclosures. Article
• Negative Sentiment: BFA Law and Schall Law both highlighted pending securities-fraud investigations related to Intuit’s pricing claims, reinforcing worries about potential legal overhang and management credibility. Article
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, with one report citing intensifying AI-driven tax competition, which may signal slowing growth and margin pressure ahead. Article
• Neutral Sentiment: Intuit also announced upcoming investor conference presentations by CFO Sandeep Aujla and executive Mark Notarainni, which keeps management visible to the market but is unlikely by itself to move the stock materially. Article
• Neutral Sentiment: Some coverage continued to highlight Intuit as a top-ranked software name, but these pieces were more generic and did not offset the legal and analyst headlines driving sentiment. Article

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.