Intuit Inc. $INTU Stake Trimmed by Boston Common Asset Management LLC

Boston Common Asset Management LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,699 shares of the software maker’s stock after selling 1,643 shares during the period. Boston Common Asset Management LLC’s holdings in Intuit were worth $14,374,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of INTU. Sagard Holdings Management Inc. purchased a new position in shares of Intuit in the second quarter worth approximately $28,000. Total Investment Management Inc. purchased a new stake in shares of Intuit in the 2nd quarter valued at approximately $33,000. Kilter Group LLC acquired a new position in Intuit in the 2nd quarter worth approximately $35,000. MTM Investment Management LLC boosted its stake in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the period. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Intuit during the 3rd quarter worth approximately $33,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $429.03 on Tuesday. The firm has a market cap of $118.65 billion, a price-to-earnings ratio of 27.79, a P/E/G 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 current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $445.91 and a 200 day simple moving average of $582.43.

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

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date 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 is currently 31.09%.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating on shares of Intuit in a research note on Monday, March 16th. Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and lifted their price target for the company from $670.00 to $700.00 in a report on Tuesday, March 10th. Citigroup dropped their price target on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Barclays reissued an “overweight” rating and issued a $540.00 price objective on shares of Intuit in a research note on Monday, March 16th. Finally, Oppenheimer decreased their price objective on Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $638.06.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the sale, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,403 shares of company stock worth $28,735,492 in the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit Company 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.