North Dakota State Investment Board Invests $6.20 Million in Intuit Inc. $INTU

North Dakota State Investment Board purchased a new position in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, HoldingsChannel reports. The firm purchased 9,359 shares of the software maker’s stock, valued at approximately $6,200,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GW&K Investment Management LLC grew its holdings in shares of Intuit by 8.6% in the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares during the last quarter. Cannell & Spears LLC raised its holdings in shares of Intuit by 0.4% in the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after acquiring an additional 16 shares in the last quarter. Betterment LLC raised its holdings in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares in the last quarter. Crawford Investment Counsel Inc. raised its holdings in shares of Intuit by 4.7% in the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after acquiring an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. raised its holdings in shares of Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after acquiring an additional 17 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Price Performance

Shares of INTU stock opened at $393.00 on Monday. Intuit Inc. has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The firm has a market capitalization of $108.68 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day simple moving average is $413.60 and its 200-day simple moving average is $520.06.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm earned $3.32 earnings per share. Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were issued 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 payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $670.00 to $700.00 in a report on Tuesday, March 10th. Erste Group Bank upgraded Intuit to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada decreased their price objective on Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Argus decreased their price objective on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Citigroup decreased their price objective on Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $634.26.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investor sentiment is improving around INTU’s valuation after a year of share-price weakness, with a new article arguing the stock may be oversold and potentially attractive for long-term buyers. Is Intuit Stock Oversold Now, Finally Making It a Buy?
• Positive Sentiment: Coverage ahead of Q3 earnings highlights that Wall Street will be watching Intuit’s key metrics closely, which can reinforce expectations that the company continues to post double-digit growth and may deliver another solid quarter. Ahead of Intuit (INTU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Positive Sentiment: Intuit also drew attention for expanding its Enterprise Suite with AI-powered automation and analytics, signaling continued product innovation that could support mid-market growth and future recurring revenue. Intuit Expands Enterprise Suite With AI: Will It Boost Growth?

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was 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. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

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.