Intact Investment Management Inc. Decreases Stock Position in Intuit Inc. $INTU

Intact Investment Management Inc. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 91.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400 shares of the software maker’s stock after selling 4,400 shares during the period. Intact Investment Management Inc.’s holdings in Intuit were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. bought a new position in Intuit during the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC increased its position in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INTU shares. UBS Group set a $739.00 price target on shares of Intuit in a research report on Tuesday, January 6th. Evercore ISI reissued an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Thursday. Truist Financial began coverage on Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Insider Transactions at Intuit

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

Intuit Stock Down 0.4%

INTU stock opened at $561.77 on Tuesday. The stock has a market capitalization of $156.32 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. Intuit Inc. has a 52 week low of $520.69 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $635.54 and a 200 day moving average of $673.83.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Intuit Profile

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.