MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 19,646 Shares of Intuit Inc. $INTU

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 234,457 shares of the software maker’s stock after selling 19,646 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Intuit were worth $184,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted 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 valued at $25,000 after acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its position in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings 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 purchasing an additional 19 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the 2nd quarter valued at $28,000. Finally, True Wealth Design LLC increased its position in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the topic of several recent analyst reports. Bank of America decreased their target price on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn boosted their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company lowered their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Wolfe Research reduced their price objective on Intuit from $900.00 to $870.00 in a research report on Friday, November 21st. Finally, Evercore ISI reissued an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Insider Transactions at Intuit

In other news, Director Scott D. Cook sold 74,095 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the completion of the sale, the director owned 5,819,584 shares in the company, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 269,466 shares of company stock worth $176,407,397. 2.49% of the stock is owned by insiders.

Intuit Stock Performance

Shares of INTU stock opened at $676.01 on Friday. The company has a fifty day moving average price of $657.12 and a two-hundred day moving average price of $705.59. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a market cap of $188.11 billion, a P/E ratio of 46.21, a P/E/G ratio of 2.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the firm earned $2.50 EPS. Intuit’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

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

About Intuit

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.