Intuit Inc. $INTU Stake Trimmed by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 50.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,839 shares of the software maker’s stock after selling 7,022 shares during the period. Phoenix Financial Ltd.’s holdings in Intuit were worth $4,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Intuit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after acquiring an additional 377,657 shares in the last quarter. State Street Corp raised its stake in Intuit by 1.0% during the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after purchasing an additional 125,990 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after purchasing an additional 115,721 shares in the last quarter. Norges Bank acquired a new stake in shares of Intuit in the second quarter worth $3,268,830,000. Finally, Invesco Ltd. boosted its position in shares of Intuit by 13.2% in the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after buying an additional 407,078 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last three months. 2.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INTU shares. KeyCorp dropped their price target on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday. Wolfe Research dropped their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. BMO Capital Markets decreased their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Friday, November 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $791.73.

Intuit Price Performance

Shares of INTU opened at $561.77 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $156.32 billion, a PE ratio of 38.40, a PEG ratio of 2.30 and a beta of 1.25. The firm’s 50 day moving average price is $635.54 and its 200 day moving average price is $673.83. Intuit Inc. has a twelve month low of $520.69 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Intuit Company 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.