J. Safra Sarasin Holding AG Trims Stock Holdings in Intuit Inc. $INTU

J. Safra Sarasin Holding AG reduced its position in Intuit Inc. (NASDAQ:INTU) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,935 shares of the software maker’s stock after selling 1,417 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Intuit were worth $1,944,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sagard Holdings Management Inc. purchased a new stake in Intuit in the 2nd quarter valued at $28,000. Total Investment Management Inc. acquired a new position in Intuit in the second quarter valued at $33,000. Kilter Group LLC acquired a new position in Intuit in the second quarter valued at $35,000. MTM Investment Management LLC raised its holdings in shares of 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 buying an additional 27 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit in the third quarter valued at about $33,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Up 0.8%

NASDAQ:INTU opened at $432.38 on Wednesday. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a fifty day moving average price of $443.98 and a two-hundred day moving average price of $580.93. The stock has a market capitalization of $119.57 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.72 and a beta of 1.27.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping 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 company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm earned $3.32 EPS. The business’s revenue 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. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

INTU has been the topic of a number of research reports. KeyCorp lowered their price target on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Argus decreased their price objective on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Truist Financial began coverage on Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. BMO Capital Markets dropped their target price on Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, UBS Group cut their price target on Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $638.06.

Insider Buying and Selling at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 43,001 shares of company stock valued at $27,798,928. Corporate insiders own 2.49% of the company’s stock.

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.