Aberdeen Group plc Has $151.98 Million Stock Holdings in Intuit Inc. $INTU

Aberdeen Group plc reduced its stake in Intuit Inc. (NASDAQ:INTUFree Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,432 shares of the software maker’s stock after selling 2,855 shares during the period. Aberdeen Group plc owned 0.08% of Intuit worth $151,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sagard Holdings Management Inc. bought a new position in shares of Intuit in the 2nd quarter worth $28,000. MTM Investment Management LLC lifted its stake in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Intuit in the second quarter valued at $33,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the third quarter valued at about $33,000. Finally, Kilter Group LLC acquired a new position in shares of Intuit during the second quarter valued at about $35,000. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction 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. The trade was a 71.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 43,001 shares of company stock worth $27,798,928. Insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

Analysts Set New Price Targets

A number of research firms recently weighed in on INTU. Barclays restated an “overweight” rating and issued a $540.00 target price on shares of Intuit in a report on Monday, March 16th. Wells Fargo & Company decreased their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Mizuho lowered their price objective on Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Jefferies Financial Group set a $650.00 target price on Intuit in a report on Sunday, February 22nd. Finally, Royal Bank Of Canada cut their target price on Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $638.06.

View Our Latest Analysis on INTU

Intuit Trading Down 0.8%

Shares of Intuit stock opened at $422.48 on Friday. The firm has a market cap of $116.84 billion, a PE ratio of 27.36, a P/E/G ratio of 1.71 and a beta of 1.21. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a fifty day moving average price of $439.49 and a 200-day moving average price of $578.75.

Intuit (NASDAQ:INTUGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s payout ratio is 31.09%.

Intuit Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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