Intuit Inc. $INTU Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,165 shares of the software maker’s stock after buying an additional 1,860 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Intuit were worth $71,651,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the second quarter worth $28,000. MTM Investment Management LLC raised its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Total Investment Management Inc. acquired a new stake in shares of Intuit in the second quarter valued at $33,000. Pin Oak Investment Advisors Inc. purchased a new position in Intuit in the third quarter valued at $33,000. Finally, Kilter Group LLC acquired a new position in Intuit during the 2nd quarter worth $35,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the topic of several recent research reports. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Wells Fargo & Company lowered their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. TD Cowen restated a “buy” rating on shares of Intuit in a research note on Monday, March 16th. Truist Financial started coverage on shares of Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $638.06.

Intuit Stock Up 3.0%

Shares of NASDAQ INTU opened at $429.03 on Tuesday. The business has a 50-day moving average of $445.91 and a two-hundred day moving average of $582.43. The company has a market capitalization of $118.65 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,403 shares of company stock worth $28,735,492 over the last 90 days. 2.49% of the stock is owned by corporate 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.