American Century Companies Inc. Raises Stake in Intuit Inc. $INTU

American Century Companies Inc. boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 77.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 144,514 shares of the software maker’s stock after buying an additional 62,979 shares during the period. American Century Companies Inc. owned approximately 0.05% of Intuit worth $113,829,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTU. Invesco Ltd. lifted its position in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after purchasing an additional 1,433 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Intuit during the second quarter worth $1,733,000. denkapparat Operations GmbH acquired a new stake in Intuit during the 2nd quarter valued at $830,000. Finally, New York Life Investment Management LLC lifted its holdings in Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after buying an additional 442 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTU. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $798.13.

Intuit Stock Performance

INTU stock opened at $653.23 on Tuesday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The stock has a market capitalization of $182.12 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s fifty day moving average is $666.33 and its two-hundred day moving average is $707.81.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,836 shares of company stock valued at $1,235,203 over the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.