Investment Management Corp of Ontario Grows Stock Position in Intuit Inc. $INTU

Investment Management Corp of Ontario raised its position in Intuit Inc. (NASDAQ:INTU) by 84.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,995 shares of the software maker’s stock after acquiring an additional 10,964 shares during the quarter. Investment Management Corp of Ontario’s holdings in Intuit were worth $15,895,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Intuit in the fourth quarter valued at $3,058,407,000. Alliancebernstein L.P. grew its holdings in Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter worth $785,564,000. Arrowstreet Capital Limited Partnership lifted its holdings in Intuit by 36.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after buying an additional 471,451 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $282.20, for a total transaction of $80,144.80. Following the transaction, the director directly owned 12,042 shares of the company’s stock, valued at approximately $3,398,252.40. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 955 shares of company stock worth $273,855. Company insiders own 2.49% of the company’s stock.

Intuit Stock Down 4.2%

INTU stock opened at $269.08 on Thursday. The firm has a market cap of $73.60 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.03 and a beta of 0.98. Intuit Inc. has a 1-year low of $268.01 and a 1-year high of $813.70. The firm has a fifty day moving average price of $354.99 and a two-hundred day moving average price of $465.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm posted $11.65 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Analysts Set New Price Targets

INTU has been the subject of several recent analyst reports. Susquehanna lowered their target price on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. BMO Capital Markets reduced their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Northcoast Research lowered their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. BNP Paribas Exane dropped their price objective on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Truist Financial cut their target price on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $511.35.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit selected Mother New York as its creative-strategic agency partner, aiming to sharpen its positioning as a growth-oriented business solution. Intuit Selects Mother New York As Creative-Strategic Agency Partner
• Positive Sentiment: Intuit named company veteran Tyler Cozzens as its new general counsel, a move that may reassure investors on continuity in legal and governance leadership. Intuit Names Company Veteran Tyler Cozzens as New General Counsel, Succeeding Kerry McLean
• Neutral Sentiment: QuickBooks Premier is being promoted on sale, which is standard product marketing and not a major stock-moving catalyst on its own. Inventory, invoices, reports, and cash flow — QuickBooks Premier is on sale for $399.99
• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, warning that AI could erode TurboTax revenue over time and raising concerns about the company’s long-term growth outlook. Goldman Sachs Downgrades Intuit (INTU) to Sell and Says AI Could Gut TurboTax Revenue by 2030
• Negative Sentiment: Intuit is also facing investor lawsuits and fraud-related investigations tied to pricing issues, adding legal overhang and sentiment pressure on the stock. $INTU Fraud Notice: BFA Law is Investigating Intuit for Securities Fraud over its Pricing Issues – Investors with Losses Notified to Contact the Firm

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.