Intuit Inc. $INTU Shares Bought by Navera Investment Management Ltd.

Navera Investment Management Ltd. boosted its position in Intuit Inc. (NASDAQ:INTU) by 12.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 474,549 shares of the software maker’s stock after purchasing an additional 53,994 shares during the period. Intuit makes up approximately 6.2% of Navera Investment Management Ltd.’s holdings, making the stock its 4th biggest position. Navera Investment Management Ltd.’s holdings in Intuit were worth $324,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in shares of Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares in the last quarter. Weaver Capital Management LLC lifted its stake in Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after buying an additional 14 shares during the period. May Hill Capital LLC boosted its holdings in shares of Intuit by 4.2% during the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after buying an additional 14 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Intuit by 0.9% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 15 shares in the last quarter. Finally, Northern Financial Advisors Inc lifted its position in shares of Intuit by 1.3% during the 2nd quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock valued at $952,000 after acquiring an additional 15 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the 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 completion of the sale, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on INTU. Daiwa Capital Markets raised their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Rothschild & Co Redburn raised their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target on the stock. Finally, Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $794.62.

Intuit Stock Performance

NASDAQ INTU opened at $545.29 on Friday. The company’s 50 day moving average is $648.60 and its 200-day moving average is $684.14. The firm has a market cap of $151.74 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-month 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.

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 business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

About Intuit

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.