Rathbones Group PLC Decreases Position in Intuit Inc. $INTU

Rathbones Group PLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 289,793 shares of the software maker’s stock after selling 31,762 shares during the quarter. Rathbones Group PLC’s holdings in Intuit were worth $191,965,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INTU. Alliancebernstein L.P. raised its position in Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the 1st quarter worth $785,564,000. Vanguard Group Inc. raised its position in Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the period. Massachusetts Financial Services Co. MA raised its position in Intuit by 74.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,145 shares of the software maker’s stock worth $646,618,000 after purchasing an additional 417,646 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new position in Intuit in the 3rd quarter worth $267,018,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Intuit Price Performance

INTU stock opened at $383.93 on Thursday. The firm’s 50-day moving average price is $408.90 and its two-hundred day moving average price is $514.39. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The stock has a market capitalization of $106.18 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.61 and a beta of 1.04. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities analysts predict that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. Intuit’s payout ratio is currently 31.09%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected fiscal Q3 results, with earnings and revenue topping estimates, and management raised both full-year revenue and profit guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The company also authorized an $8 billion share repurchase plan and increased its quarterly dividend, signaling confidence in cash flow and capital returns. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Management said it is expanding AI capabilities across products such as QuickBooks, which could support longer-term efficiency and growth if execution stays on track. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, creating restructuring charges of about $300 million to $340 million and raising concerns about disruption. Intuit boosts annual forecasts, to cut 17% of global staff
• Negative Sentiment: Investors also reacted to a lower annual TurboTax revenue outlook, which fed worries that AI-driven changes could pressure the company’s core tax business. Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTU shares. Citigroup decreased their target price on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. TD Cowen decreased their target price on shares of Intuit from $633.00 to $576.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada decreased their price objective on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

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.