USS Investment Management Ltd Has $20.30 Million Position in Intuit Inc. $INTU

USS Investment Management Ltd grew its stake in Intuit Inc. (NASDAQ:INTU) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,943 shares of the software maker’s stock after purchasing an additional 2,334 shares during the quarter. USS Investment Management Ltd’s holdings in Intuit were worth $20,295,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in Intuit in the 4th quarter valued at about $3,058,407,000. Alliancebernstein L.P. boosted its holdings in shares of Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the first quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership grew its position in shares of Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock valued at $1,274,391,000 after purchasing an additional 512,684 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Intuit by 20.3% in the fourth 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 purchasing an additional 471,451 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 2.0%

INTU stock opened at $261.00 on Wednesday. The company has a market cap of $71.39 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The business has a 50-day simple moving average of $333.84 and a 200 day simple moving average of $440.54. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the prior year, the company posted $11.65 earnings per share. The business’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. Sell-side analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. BNP Paribas Exane dropped their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Citigroup decreased their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Daiwa Securities Group dropped their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Rothschild & Co Redburn reduced their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $498.40.

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts highlighted Intuit’s AI strategy as a potential growth driver, saying it could expand higher-value services, automate workflows, and boost cross-selling across TurboTax, Credit Karma, and QuickBooks. Intuit’s AI Push: Can It Unlock the Next Growth Phase?
• Positive Sentiment: A comparison piece argued Intuit remains a strong fintech franchise thanks to its ecosystem of consumer and small-business products, which can support durable revenue growth over time. Intuit vs Block: Which Fintech Stock Is the Better Buy Now?
• Neutral Sentiment: Recent market commentary noted Intuit had a big upside move in the prior session, but warned that earnings-estimate revisions may limit follow-through in the near term. Intuit (INTU) Surges 5.0%: Is This an Indication of Further Gains?
• Negative Sentiment: One report said INTU declined in the latest session despite a broader market improvement, reinforcing the idea that investors are taking profits and questioning near-term momentum. Intuit (INTU) Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: An investor alert also flagged a pending securities-fraud investigation involving Intuit, which could weigh on sentiment and keep volatility elevated. Investor Announcement: Intuit Investors are Notified to Contact BFA Law about its Pending Securities Fraud Investigation to Recover Stock Losses

Intuit 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.