Hyperion Asset Management Ltd Raises Stock Holdings in Intuit Inc. $INTU

Hyperion Asset Management Ltd raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 16.6% during the 4th quarter, Holdings Channel reports. The fund owned 215,188 shares of the software maker’s stock after purchasing an additional 30,619 shares during the period. Intuit makes up approximately 4.0% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 11th biggest position. Hyperion Asset Management Ltd’s holdings in Intuit were worth $142,545,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTU. Norges Bank purchased a new stake in shares of Intuit during the 4th quarter worth approximately $3,058,407,000. Alliancebernstein L.P. raised its holdings in shares of Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership increased its stake in Intuit by 36.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after acquiring an additional 512,684 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 worth $1,848,954,000 after acquiring an additional 471,451 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuit news, Director Vasant M. Prabhu bought 1,250 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 955 shares of company stock worth $273,855. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several analyst reports. HSBC reduced their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Citigroup reduced their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Mizuho reduced their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Oppenheimer reduced their price objective on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, Scotiabank set a $575.00 price objective on Intuit in a research note on Friday, March 6th. Twenty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.35.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit selected Mother New York as its creative-strategic agency partner, aiming to sharpen its positioning as a growth-oriented business solution. Intuit Selects Mother New York As Creative-Strategic Agency Partner
• Positive Sentiment: Intuit named company veteran Tyler Cozzens as its new general counsel, a move that may reassure investors on continuity in legal and governance leadership. Intuit Names Company Veteran Tyler Cozzens as New General Counsel, Succeeding Kerry McLean
• Neutral Sentiment: QuickBooks Premier is being promoted on sale, which is standard product marketing and not a major stock-moving catalyst on its own. Inventory, invoices, reports, and cash flow — QuickBooks Premier is on sale for $399.99
• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, warning that AI could erode TurboTax revenue over time and raising concerns about the company’s long-term growth outlook. Goldman Sachs Downgrades Intuit (INTU) to Sell and Says AI Could Gut TurboTax Revenue by 2030
• Negative Sentiment: Intuit is also facing investor lawsuits and fraud-related investigations tied to pricing issues, adding legal overhang and sentiment pressure on the stock. $INTU Fraud Notice: BFA Law is Investigating Intuit for Securities Fraud over its Pricing Issues – Investors with Losses Notified to Contact the Firm

Intuit Trading Down 4.2%

INTU opened at $269.08 on Thursday. The stock has a market cap of $73.60 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.03 and a beta of 0.98. The stock’s 50 day moving average price is $354.99 and its 200-day moving average price is $465.17. Intuit Inc. has a one year low of $268.01 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last released its earnings results 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 firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders 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 dividend yield of 1.8%. Intuit’s dividend payout ratio is currently 29.07%.

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.