Generate Investment Management Ltd Invests $12.02 Million in Intuit Inc. $INTU

Generate Investment Management Ltd bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,804 shares of the software maker’s stock, valued at approximately $12,022,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTU. Norges Bank bought a new stake in Intuit in the fourth quarter worth $3,058,407,000. Alliancebernstein L.P. increased its position in Intuit by 183.8% during 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 last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the first quarter valued at $785,564,000. Arrowstreet Capital Limited Partnership raised 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 valued at $1,274,391,000 after acquiring an additional 512,684 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after acquiring an additional 471,451 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $257.77 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $70.51 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The firm has a 50-day moving average of $347.59 and a two-hundred day moving average of $457.36. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the company posted $11.65 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at Intuit

In other news, Director Vasant M. Prabhu bought 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 955 shares of company stock worth $273,855 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

INTU has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Susquehanna reduced their price objective on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research report on Friday, May 22nd. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. KeyCorp dropped their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $511.35.

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.