NEOS Investment Management LLC Has $82.98 Million Stock Position in Intuit Inc. $INTU

NEOS Investment Management LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 63.8% in the third quarter, Holdings Channel.com reports. The firm owned 121,516 shares of the software maker’s stock after acquiring an additional 47,330 shares during the period. Intuit makes up about 0.6% of NEOS Investment Management LLC’s investment portfolio, making the stock its 22nd largest position. NEOS Investment Management LLC’s holdings in Intuit were worth $82,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Intuit in the second quarter valued at approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC bought a new position in shares of Intuit in the second quarter valued at about $782,677,000. Vanguard Group Inc. lifted its stake in shares of Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after buying an additional 914,024 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Intuit by 575.4% during the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after buying an additional 751,027 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on INTU shares. Truist Financial assumed coverage on shares of Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. The Goldman Sachs Group started coverage on Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. Evercore restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Daiwa Securities Group increased their price objective on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, TD Cowen decreased their price target on shares of Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $772.42.

Intuit Stock Performance

NASDAQ INTU opened at $399.40 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $111.14 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.63 and a beta of 1.24. The firm’s 50 day simple moving average is $577.22 and its 200 day simple moving average is $640.09. Intuit Inc. has a 1 year low of $389.32 and a 1 year high of $813.70.

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

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.