Mitsubishi UFJ Trust & Banking Corp Boosts Position in Intuit Inc. $INTU

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,952 shares of the software maker’s stock after acquiring an additional 15,483 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Intuit worth $141,736,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in INTU. KMG Fiduciary Partners LLC lifted its position in Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. grew its position in Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after purchasing an additional 14 shares during the period. Weaver Capital Management LLC grew its position in Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after purchasing an additional 14 shares during the period. May Hill Capital LLC raised its stake in shares of Intuit by 4.2% during the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after buying an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists lifted its holdings in shares of Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after buying an additional 15 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $654.32 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day moving average of $668.23 and a 200 day moving average of $706.45. The firm has a market cap of $182.43 billion, a PE ratio of 47.62, a PEG ratio of 2.53 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm posted $1.99 earnings per share. The company’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is presently 34.93%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Barclays cut their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Finally, Rothschild & Co Redburn raised their price target on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average price target of $791.82.

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.