Massachusetts Financial Services Co. MA Buys 468,547 Shares of Intuit Inc. $INTU

Massachusetts Financial Services Co. MA raised its stake in shares of Intuit Inc. (NASDAQ:INTU) by 520.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 558,499 shares of the software maker’s stock after purchasing an additional 468,547 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.20% of Intuit worth $381,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in INTU. Maryland State Retirement & Pension System raised its position in shares of Intuit by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,615 shares of the software maker’s stock valued at $9,298,000 after buying an additional 344 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Intuit by 6.7% in the third quarter. Sequoia Financial Advisors LLC now owns 18,441 shares of the software maker’s stock valued at $12,594,000 after acquiring an additional 1,162 shares during the last quarter. Navera Investment Management Ltd. raised its position in Intuit by 12.8% during the third quarter. Navera Investment Management Ltd. now owns 474,549 shares of the software maker’s stock valued at $324,024,000 after purchasing an additional 53,994 shares in the last quarter. Howland Capital Management LLC lifted its stake in Intuit by 14.8% during the third quarter. Howland Capital Management LLC now owns 1,807 shares of the software maker’s stock worth $1,234,000 after purchasing an additional 233 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Intuit by 1.3% in the 3rd quarter. QRG Capital Management Inc. now owns 50,904 shares of the software maker’s stock worth $34,763,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.7%

Shares of NASDAQ:INTU opened at $545.29 on Monday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50-day moving average is $648.60 and its 200 day moving average is $683.51. The company has a market cap of $151.74 billion, a PE ratio of 37.27, a P/E/G ratio of 2.23 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

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

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

INTU has been the topic of a number of research reports. BMO Capital Markets decreased their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Cowen assumed coverage on shares of Intuit in a research note on Wednesday, January 7th. They set a “buy” rating on the stock. Daiwa Capital Markets upped their price objective on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. TD Cowen initiated coverage on shares of Intuit in a report on Thursday, January 8th. They set a “buy” rating and a $802.00 target price on the stock. Finally, Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $794.62.

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.