Securian Asset Management Inc. Reduces Holdings in Intuit Inc. $INTU

Securian Asset Management Inc. trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 46.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,581 shares of the software maker’s stock after selling 6,565 shares during the quarter. Securian Asset Management Inc.’s holdings in Intuit were worth $5,022,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in INTU. Joseph Group Capital Management acquired a new position in Intuit during the fourth quarter worth $25,000. MTM Investment Management LLC lifted its stake in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit in the 3rd quarter valued at $33,000. Richardson Financial Services Inc. raised its holdings in shares of Intuit by 70.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock valued at $35,000 after buying an additional 21 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTU. BMO Capital Markets cut their price objective on Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Intuit in a report on Sunday, April 19th. Argus decreased their target price on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. KeyCorp decreased their target price on Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Barclays reaffirmed an “overweight” rating and set a $540.00 price objective on shares of Intuit in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $636.10.

Intuit Price Performance

INTU opened at $396.31 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50 day simple moving average of $416.74 and a 200-day simple moving average of $532.27. The stock has a market capitalization of $109.60 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.59 and a beta of 1.04. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

About Intuit

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.