Munich Reinsurance Co Stock Corp in Munich Decreases Position in Intuit Inc. $INTU

Munich Reinsurance Co Stock Corp in Munich lessened its position in Intuit Inc. (NASDAQ:INTU) by 93.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 326 shares of the software maker’s stock after selling 4,455 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Intuit were worth $141,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in Intuit in the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the 4th quarter valued at $25,000. HHM Wealth Advisors LLC increased its holdings in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. CrossGen Wealth LLC purchased a new position in shares of Intuit in the first quarter worth $32,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Intuit in the third quarter worth $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of Intuit stock opened at $273.38 on Friday. The stock has a market cap of $74.78 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s fifty day moving average is $316.41 and its 200 day moving average is $421.13. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit was added to several Russell value benchmarks, including the Russell 1000 Value and Russell 3000 Value, which could increase buying from value-focused index funds. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Positive Sentiment: Several articles argued Intuit may be undervalued after a large decline, pointing to cost cuts, an $8 billion buyback, and ongoing dividends as support for the stock. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Some analysts remain constructive, with Citi reaffirming a Buy rating and other commentary saying the bearish case may be overdone. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Neutral Sentiment: Intuit reported solid quarterly results earlier, beating EPS and revenue estimates and raising full-year guidance, but that good news has not fully offset broader concerns about valuation and growth durability.
• Negative Sentiment: Stifel and Goldman both cut their Intuit ratings, adding to caution around the stock’s near-term outlook. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Intuit is still being weighed down by broader tech rotation out of expensive software names, along with lingering AI-disruption and TurboTax headwind concerns. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent analyst reports. UBS Group dropped their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group decreased their target price on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wolfe Research restated an “outperform” rating and set a $400.00 target price on shares of Intuit in a research note on Thursday, May 21st. KeyCorp dropped their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Rothschild & Co Redburn cut their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $498.40.

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu purchased 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. 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 a total of 1,239 shares of company stock valued at $348,354 over the last three months. 2.49% of the stock is currently owned by insiders.

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.