Sumitomo Mitsui Financial Group Inc. Has $29.43 Million Position in Intuit Inc. $INTU

Sumitomo Mitsui Financial Group Inc. reduced its stake in Intuit Inc. (NASDAQ:INTU) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,430 shares of the software maker’s stock after selling 2,207 shares during the quarter. Intuit makes up 0.5% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 29th largest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in Intuit were worth $29,431,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC grew its position in Intuit by 8.6% during the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after acquiring an additional 16 shares during the last quarter. Betterment LLC grew its position in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after acquiring an additional 16 shares during the last quarter. Cannell & Spears LLC grew its position in Intuit by 0.4% during the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in Intuit by 4.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after acquiring an additional 17 shares during the last quarter. Finally, Value Partners Investments Inc. grew its position in Intuit by 0.4% during the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after acquiring an additional 17 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit said it raised $1.75 billion through a senior notes offering, which strengthens liquidity and gives the company more flexibility for capital needs. Intuit Raises $1.75 Billion Through Senior Notes Offering
• Positive Sentiment: Coverage and commentary continue to point to solid fundamentals, including strong revenue growth in online business solutions and articles arguing the stock may now be a value opportunity after its selloff. Intuit reports strong 19% revenue growth in online business solutions
• Neutral Sentiment: Intuit launched new QuickBooks Payroll tools and services in the UK, a product update that supports the growth story but is not likely to move the stock sharply on its own. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Neutral Sentiment: Intuit’s quarterly earnings call transcript drew attention, but the provided item does not add new details beyond the recent results and guidance already known to investors. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Negative Sentiment: Two insider sales by director Richard L. Dalzell, both done under a pre-arranged 10b5-1 plan, can still weigh on sentiment because investors often view insider selling as a caution signal. Richard L. Dalzell insider transactions
• Negative Sentiment: Multiple reports highlighted an ongoing investigation and investor-alert activity tied to Intuit’s pricing practices, which may be pressuring the stock as legal and regulatory overhang. Investor alert: Pomerantz investigates claims on behalf of investors of Intuit
• Negative Sentiment: Commentary also continued to focus on skepticism around AI monetization, competitive disruption, and the impact of new debt and cost-cutting efforts, reinforcing concerns behind the recent stock decline. Intuit slid amid market skepticism over AI monetization and disruption

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered Intuit from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Daiwa Securities Group reduced their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Bank of America began coverage on Intuit in a research report on Wednesday, May 27th. They set a “buy” rating and a $400.00 price objective on the stock. Scotiabank set a $575.00 target price on Intuit in a report on Friday, March 6th. Finally, BMO Capital Markets cut their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Intuit Stock Down 2.6%

Shares of INTU opened at $276.91 on Friday. The company has a market capitalization of $75.75 billion, a PE ratio of 16.77, a PEG ratio of 1.04 and a beta of 0.98. Intuit Inc. has a 12 month low of $273.27 and a 12 month high of $813.70. The stock’s 50-day moving average price is $366.58 and its two-hundred day moving average price is $475.39. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company’s stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the purchase, the director directly owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.49% of the stock is owned by insiders.

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.