Optas LLC Acquires 1,954 Shares of Intuit Inc. $INTU

Optas LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 90.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,108 shares of the software maker’s stock after acquiring an additional 1,954 shares during the quarter. Optas LLC’s holdings in Intuit were worth $1,776,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Intuit in the 4th quarter worth approximately $3,058,407,000. Alliancebernstein L.P. boosted its position in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter worth $785,564,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after acquiring an additional 512,684 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after acquiring an additional 471,451 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on INTU shares. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and reduced their price target for the company from $519.00 to $276.00 in a report on Tuesday, June 2nd. KeyCorp lowered their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Mizuho decreased their price target on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $498.40.

Insiders Place Their Bets

In related news, Director Vasant M. Prabhu acquired 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 over the last quarter. Company insiders own 2.49% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $275.35 on Friday. The firm has a market capitalization of $75.32 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The firm has a 50-day moving average price of $328.50 and a 200 day moving average price of $434.87.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share 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 the consensus estimate of $8.54 billion. During the same period in the previous year, the business earned $11.65 earnings per share. The company’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. Research analysts anticipate that Intuit Inc. will post 18.19 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. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s payout ratio is currently 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being highlighted as one of the best SaaS stocks to buy, with 76% of analysts rating it a Buy and a consensus price target well above the current share price. Is Intuit (INTU) One of the Best SaaS Stocks to Buy According to Reddit?
• Positive Sentiment: Zacks described Intuit as a top-ranked growth stock, which may be encouraging growth-oriented investors to rotate into the shares. Intuit (INTU) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: For broader context, Intuit recently reported solid quarterly results with earnings and revenue slightly ahead of expectations, which continues to support the bullish thesis.
• Negative Sentiment: Investors are also watching a securities-fraud investigation tied to pricing issues, which could keep sentiment cautious and limit further upside. INTU Investigation Notification: Intuit is being Investigated for Securities Fraud Following Pricing Issues

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.