Sumitomo Life Insurance Co. Decreases Stake in Intuit Inc. $INTU

Sumitomo Life Insurance Co. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,301 shares of the software maker’s stock after selling 329 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Intuit were worth $6,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. Wealth Group Ltd. purchased a new position in Intuit during the 1st quarter worth approximately $493,000. Resonant Capital Advisors LLC raised its position in Intuit by 13.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 485 shares of the software maker’s stock worth $298,000 after buying an additional 59 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Intuit by 4.8% during the 1st quarter. D.A. Davidson & CO. now owns 10,257 shares of the software maker’s stock worth $6,298,000 after buying an additional 470 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 1,170 shares of Intuit 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 of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is owned by company insiders.

Analyst Ratings Changes

INTU has been the subject of a number of recent research reports. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Oppenheimer raised their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Bank of America reduced their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $791.82.

Intuit Price Performance

Shares of NASDAQ INTU opened at $667.55 on Friday. The stock has a market capitalization of $186.11 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm’s 50 day simple moving average is $669.06 and its 200-day simple moving average is $702.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is 34.93%.

Intuit Company Profile

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.