Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Intuit Inc. $INTU

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 62,040 shares of the software maker’s stock, valued at approximately $16,192,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. boosted its holdings in shares of Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after buying an additional 43,389 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Intuit by 20.3% during the fourth 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 period. Vestcor Inc raised its holdings in shares of Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after acquiring an additional 9,148 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after acquiring an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after purchasing an additional 6,999 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Down 3.4%

Shares of INTU stock opened at $357.46 on Wednesday. The stock’s 50 day simple moving average is $302.38 and its 200 day simple moving average is $357.99. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. 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 company has a market capitalization of $97.78 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts predict that Intuit Inc. will post 18.19 EPS for the current year.

Insider Activity

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. 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 reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Citigroup lowered their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. KeyCorp dropped their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and set a $400.00 price objective on shares of Intuit in a report on Thursday, May 21st. Finally, Barclays reduced their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus price target of $449.65.

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.