ABN AMRO Bank N.V. lifted its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 27.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,817 shares of the software maker’s stock after buying an additional 1,467 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Intuit were worth $4,639,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its position in Intuit by 6.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,099 shares of the software maker’s stock worth $1,434,000 after buying an additional 118 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of Intuit by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 3,653 shares of the software maker’s stock valued at $2,495,000 after acquiring an additional 147 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Intuit by 28.4% during the third quarter. Bessemer Group Inc. now owns 13,253 shares of the software maker’s stock worth $9,049,000 after purchasing an additional 2,930 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Intuit by 32.6% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 81,461 shares of the software maker’s stock worth $55,631,000 after purchasing an additional 20,014 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Intuit by 11.3% in the third quarter. SBI Securities Co. Ltd. now owns 756 shares of the software maker’s stock worth $516,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.
Intuit Price Performance
Shares of INTU opened at $434.91 on Friday. The firm has a market cap of $121.02 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. Intuit Inc. has a 52-week low of $411.11 and a 52-week high of $813.70. The business’s 50 day moving average price is $610.09 and its two-hundred day moving average price is $660.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.
Intuit Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Bull case published highlighting Intuit’s strong fundamentals, revenue growth and long-term TAM; suggests current pullback could present a buying opportunity for long-term investors. Intuit Inc. (INTU): A Bull Case Theory
- Positive Sentiment: New partnership with Affirm aimed at SMBs — could expand payment and financing options in Intuit’s merchant stack, supporting revenue and cross-sell into QuickBooks customers. How Will SMBs Benefit from Intuit and Affirm’s Partnership?
- Positive Sentiment: High-profile marketing/PR at Super Bowl LX (financial literacy forum featuring Christian McCaffrey) boosts brand visibility and consumer goodwill for TurboTax/Intuit products. McCaffrey Headlines Intuit Financial Literacy Forum At Super Bowl LX
- Positive Sentiment: Unusual options activity: a large block of call buying suggests some investors are speculating on a rebound or hedging, which can create intraday buying interest. (Market data entry)
- Neutral Sentiment: New Mailchimp report and marketing content release reinforce product engagement initiatives but are unlikely to move near-term revenue materially. New Intuit Mailchimp Report Reveals What Marketers Overlook
- Negative Sentiment: Analyst downgrade(s) and a cited price target cut triggered selling — multiple headlines reported INTU trading down sharply after the downgrade, pushing the stock toward a 12‑month low. Analyst sentiment is the primary near-term driver of the decline. Intuit (NASDAQ:INTU) Trading Down 7.3% After Analyst Downgrade
- Negative Sentiment: Oppenheimer lowered expectations for INTU, adding to resale pressure by signaling weaker near-term growth/valuation upside in analyst models. Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price
- Negative Sentiment: TurboTax experienced a New York state‑filing outage (since fixed) — short-term reputational and transaction frictions can dent confidence during peak filing season, amplifying downside when paired with downgrades. Turbo Tax issue prevents filing of NY State returns
Insider Transactions at Intuit
In related news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. The trade was a 71.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the 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 completion of the transaction, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. The trade was 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 have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
INTU has been the topic of several recent research reports. Independent Research set a $875.00 target price on Intuit in a report on Tuesday, November 18th. TD Cowen started coverage on Intuit in a research report on Thursday, January 8th. They set a “buy” rating and a $802.00 price objective for the company. Daiwa Capital Markets upped their target price on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $785.12.
Check Out Our Latest Stock Report on Intuit
Intuit Company 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.
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