Mitsubishi UFJ Trust & Banking Corp Boosts Position in Intuit Inc. $INTU

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,374 shares of the software maker’s stock after acquiring an additional 8,422 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Intuit were worth $128,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in INTU. Drive Wealth Management LLC raised its holdings in shares of Intuit by 1.6% during the third quarter. Drive Wealth Management LLC now owns 1,511 shares of the software maker’s stock worth $1,032,000 after purchasing an additional 24 shares during the last quarter. Gibbs Wealth Management grew its position in Intuit by 279.9% during the 3rd quarter. Gibbs Wealth Management now owns 1,402 shares of the software maker’s stock worth $957,000 after purchasing an additional 1,033 shares during the period. Westfuller Advisors LLC raised its stake in shares of Intuit by 97.9% during the 3rd quarter. Westfuller Advisors LLC now owns 671 shares of the software maker’s stock valued at $458,000 after buying an additional 332 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Intuit by 37.0% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 30,726 shares of the software maker’s stock valued at $20,983,000 after buying an additional 8,291 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Intuit by 23.6% in the third quarter. Teacher Retirement System of Texas now owns 124,630 shares of the software maker’s stock worth $85,111,000 after buying an additional 23,772 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on INTU shares. UBS Group set a $739.00 price target on Intuit in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Evercore ISI restated an “outperform” rating and set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Stock Performance

NASDAQ:INTU opened at $563.97 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $156.94 billion, a PE ratio of 38.55, a P/E/G ratio of 2.24 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70. The company has a fifty day moving average of $637.23 and a two-hundred day moving average of $676.53.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.9%. Intuit’s dividend payout ratio is presently 32.81%.

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.