Horizon Investments LLC Lowers Stock Position in Intuit Inc. $INTU

Horizon Investments LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 22.9% in the fourth quarter, Holdings Channel reports. The firm owned 15,894 shares of the software maker’s stock after selling 4,712 shares during the period. Horizon Investments LLC’s holdings in Intuit were worth $10,509,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC grew its holdings in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after acquiring an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co grew its holdings in Intuit by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after acquiring an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC acquired a new stake in Intuit during the 3rd quarter worth $1,465,000. Crossmark Global Holdings Inc. grew its holdings in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after acquiring an additional 6,503 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after acquiring an additional 10,661 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 analysts have commented on the stock. UBS Group lowered their target price on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Barclays reissued an “overweight” rating and issued a $540.00 price target on shares of Intuit in a report on Monday, March 16th. KeyCorp decreased their price target on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Citigroup decreased their price target on shares of Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Wolfe Research set a $550.00 price target on shares of Intuit and gave the company an “outperform” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $636.10.

Intuit Price Performance

Shares of INTU stock opened at $399.00 on Friday. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The firm has a market capitalization of $110.34 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average of $414.84 and a 200-day moving average of $538.51.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current 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 paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s dividend payout ratio is presently 31.09%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.