Mackenzie Financial Corp Purchases 18,410 Shares of Intuit Inc. $INTU

Mackenzie Financial Corp lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,740 shares of the software maker’s stock after buying an additional 18,410 shares during the quarter. Mackenzie Financial Corp owned about 0.05% of Intuit worth $114,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Westside Investment Management Inc. boosted its position in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC increased its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Intuit in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on INTU. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company decreased their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. BMO Capital Markets cut their price objective on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $798.20.

Intuit Price Performance

Shares of NASDAQ INTU opened at $633.94 on Friday. The stock has a market cap of $176.49 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm’s 50-day simple moving average is $663.60 and its 200 day simple moving average is $706.82.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data 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 return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s quarterly 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. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.8%. Intuit’s dividend payout ratio (DPR) is 32.81%.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,836 shares of company stock worth $1,235,203 over the last ninety days. Insiders own 2.68% of the company’s stock.

About Intuit

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.