Intuit Inc. $INTU Shares Acquired by Czech National Bank

Czech National Bank increased its stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,511 shares of the software maker’s stock after buying an additional 2,664 shares during the quarter. Czech National Bank’s holdings in Intuit were worth $48,695,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Intuit by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after acquiring an additional 914,024 shares during the period. State Street Corp increased its holdings in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after purchasing an additional 158,456 shares during the period. Norges Bank acquired a new position in shares of Intuit in the second quarter valued at approximately $3,268,830,000. Invesco Ltd. raised its stake in shares of Intuit by 7.8% during the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after purchasing an additional 271,407 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Intuit by 4.8% during the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock worth $2,356,040,000 after purchasing an additional 158,843 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, the director 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,403 shares of company stock valued at $79,242,742 in the last 90 days. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on INTU. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Susquehanna reduced their target price on shares of Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. The Goldman Sachs Group dropped their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $638.06.

View Our Latest Research Report on Intuit

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

Intuit Price Performance

Intuit stock opened at $426.86 on Thursday. The company has a market cap of $118.05 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.26. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The business has a fifty day moving average of $453.25 and a two-hundred day moving average of $588.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTUGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last 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, analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend 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 (DPR) is 31.09%.

About Intuit

(Free Report)

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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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