Spear Holdings RSC Ltd Buys Shares of 77,100 Intuit Inc. $INTU

Spear Holdings RSC Ltd acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,100 shares of the software maker’s stock, valued at approximately $52,652,000. Intuit comprises 3.0% of Spear Holdings RSC Ltd’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. iA Global Asset Management Inc. raised its stake in shares of Intuit by 6.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 33,368 shares of the software maker’s stock valued at $22,787,000 after acquiring an additional 2,092 shares during the period. Naples Global Advisors LLC raised its stake in Intuit by 24.8% during the third quarter. Naples Global Advisors LLC now owns 317 shares of the software maker’s stock valued at $217,000 after buying an additional 63 shares in the last quarter. Olympiad Research LP bought a new position in shares of Intuit in the 3rd quarter worth about $206,000. BIP Wealth LLC grew its holdings in shares of Intuit by 55.5% during the third quarter. BIP Wealth LLC now owns 577 shares of the software maker’s stock valued at $394,000 after purchasing an additional 206 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of Intuit by 1.0% in the 3rd quarter. Bailard Inc. now owns 32,777 shares of the software maker’s stock worth $22,384,000 after acquiring an additional 316 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on INTU shares. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Finally, Daiwa Capital Markets boosted their price objective on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $794.62.

Intuit Stock Up 4.3%

NASDAQ:INTU opened at $547.69 on Friday. The firm has a 50-day simple moving average of $639.19 and a two-hundred day simple moving average of $678.06. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70. 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 $152.41 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.14 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm posted $2.50 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors 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 (DPR) is presently 32.81%.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock valued at $255,514,393 in the last 90 days. 2.49% of the stock is currently owned by insiders.

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.