ING Groep NV Raises Stake in Intuit Inc. $INTU

ING Groep NV lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 24.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,054 shares of the software maker’s stock after purchasing an additional 13,352 shares during the quarter. ING Groep NV’s holdings in Intuit were worth $45,743,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new stake in shares of Intuit during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the 3rd quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after purchasing an additional 19 shares during the period. Steph & Co. grew its holdings in shares of Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after purchasing an additional 45 shares during the period. Finally, High Point Wealth Management LLC acquired a new position in Intuit during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.7%

Shares of NASDAQ INTU opened at $296.76 on Friday. The stock’s 50-day simple moving average is $377.58 and its 200-day simple moving average is $486.66. Intuit Inc. has a 1 year low of $293.67 and a 1 year high of $813.70. The firm has a market cap of $81.18 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last announced its earnings results 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 return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the prior year, the company posted $11.65 EPS. Intuit’s quarterly revenue 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. As a group, equities analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

INTU has been the topic of several recent research reports. Susquehanna reduced their price target on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research report on Friday, May 22nd. Northcoast Research reduced their price target on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. reduced their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Mizuho reduced their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Finally, Evercore reduced their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $514.58.

Insiders Place Their Bets

In related news, Director Vasant M. Prabhu purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is currently owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

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.