Intuit Inc. $INTU Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in Intuit Inc. (NASDAQ:INTU) by 113.5% during the 4th quarter, Holdings Channel reports. The firm owned 142,697 shares of the software maker’s stock after purchasing an additional 75,867 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Intuit were worth $94,525,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INTU. Alliancebernstein L.P. grew its position in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the first quarter worth about $785,564,000. Vanguard Group Inc. boosted its position in Intuit by 3.3% during the third 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 last quarter. Massachusetts Financial Services Co. MA boosted its position in Intuit by 520.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock worth $381,405,000 after acquiring an additional 468,547 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in Intuit during the third quarter worth about $267,018,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investor sentiment is improving around INTU’s valuation after a year of share-price weakness, with a new article arguing the stock may be oversold and potentially attractive for long-term buyers. Is Intuit Stock Oversold Now, Finally Making It a Buy?
• Positive Sentiment: Coverage ahead of Q3 earnings highlights that Wall Street will be watching Intuit’s key metrics closely, which can reinforce expectations that the company continues to post double-digit growth and may deliver another solid quarter. Ahead of Intuit (INTU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Positive Sentiment: Intuit also drew attention for expanding its Enterprise Suite with AI-powered automation and analytics, signaling continued product innovation that could support mid-market growth and future recurring revenue. Intuit Expands Enterprise Suite With AI: Will It Boost Growth?

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. TD Cowen lowered their price target on shares of Intuit from $633.00 to $576.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group restated a “buy” rating on shares of Intuit in a research report on Sunday, April 19th. Royal Bank Of Canada lowered their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.49% of the stock is owned by company insiders.

Intuit Price Performance

Shares of INTU stock opened at $393.00 on Friday. 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 firm’s 50-day moving average is $413.60 and its two-hundred day moving average is $521.20. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70. The company has a market capitalization of $108.68 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping 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 company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the firm earned $3.32 earnings per share. Intuit’s quarterly 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. Analysts predict that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s payout ratio is 31.09%.

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.