Intuit Inc. $INTU Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 55.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 234,960 shares of the software maker’s stock after buying an additional 83,940 shares during the quarter. Bank of Nova Scotia owned approximately 0.08% of Intuit worth $185,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Intuit in the 2nd quarter worth approximately $1,733,000. denkapparat Operations GmbH acquired a new position in Intuit in the 2nd quarter worth approximately $830,000. New York Life Investment Management LLC grew its position in Intuit by 1.1% during 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 purchasing an additional 442 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Intuit by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock valued at $5,205,000 after purchasing an additional 152 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $656.43, for a total value of $49,232,250.00. Following the completion of the sale, the director owned 6,043,679 shares of the company’s stock, valued at $3,967,252,205.97. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 120,704 shares of company stock worth $78,629,832 over the last three months. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent analyst reports. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Zacks Research lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Rothschild & Co Redburn lifted their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Trading Up 1.6%

NASDAQ:INTU opened at $673.63 on Monday. 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 company has a market capitalization of $187.45 billion, a P/E ratio of 46.04, a P/E/G ratio of 2.76 and a beta of 1.27. The stock’s 50 day moving average price is $658.90 and its 200 day moving average price is $706.63. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. The company 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 for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Intuit 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.