Intuit Inc. $INTU Stake Lifted by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 25.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,196 shares of the software maker’s stock after buying an additional 1,241 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Intuit were worth $4,880,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Evelyn Partners Asset Management Ltd increased its position in Intuit by 2,039.2% during the second quarter. Evelyn Partners Asset Management Ltd now owns 27,168 shares of the software maker’s stock worth $21,398,000 after buying an additional 25,898 shares during the last quarter. Journey Strategic Wealth LLC raised its position in Intuit by 67.6% in the 2nd quarter. Journey Strategic Wealth LLC now owns 2,009 shares of the software maker’s stock worth $1,582,000 after purchasing an additional 810 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Intuit by 22.1% in the second quarter. Franklin Resources Inc. now owns 1,489,369 shares of the software maker’s stock valued at $1,173,072,000 after buying an additional 269,668 shares during the period. Mediolanum International Funds Ltd raised its holdings in Intuit by 12.4% during the second quarter. Mediolanum International Funds Ltd now owns 134,785 shares of the software maker’s stock worth $104,670,000 after acquiring an additional 14,905 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Intuit by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 1,902,435 shares of the software maker’s stock worth $1,498,415,000 after buying an additional 27,566 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Up 4.0%

Shares of Intuit stock opened at $663.15 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $184.89 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.53 and a beta of 1.25. The business’s 50 day simple moving average is $666.30 and its 200-day simple moving average is $706.80. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company earned $2.50 earnings per share. Intuit’s 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. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INTU. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Citigroup decreased their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Barclays cut their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $795.00.

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.