Intuit Inc. $INTU Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,614 shares of the software maker’s stock after buying an additional 164 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Intuit worth $165,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. increased its position in shares of Intuit by 6.7% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 42,982 shares of the software maker’s stock valued at $33,854,000 after purchasing an additional 2,681 shares during the last quarter. Findlay Park Partners LLP increased its holdings in Intuit by 15.3% in the second quarter. Findlay Park Partners LLP now owns 455,645 shares of the software maker’s stock valued at $358,880,000 after buying an additional 60,500 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Intuit by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after buying an additional 152 shares during the last quarter. Vinva Investment Management Ltd boosted its position in shares of Intuit by 43.9% during the 2nd quarter. Vinva Investment Management Ltd now owns 17,586 shares of the software maker’s stock worth $13,657,000 after acquiring an additional 5,369 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Intuit during the 2nd quarter worth about $3,518,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,836 shares of company stock worth $1,235,203. Insiders own 2.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTU shares. Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus reduced their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Daiwa Capital Markets boosted their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $798.20.

Intuit Trading Down 2.9%

Shares of Intuit stock opened at $629.13 on Thursday. The firm has a market cap of $175.15 billion, a price-to-earnings ratio of 45.79, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company’s 50-day simple moving average is $665.60 and its 200-day simple moving average is $707.22. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.