Intuit Inc. $INTU Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 63.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,516 shares of the software maker’s stock after buying an additional 47,330 shares during the period. Intuit accounts for about 0.6% of NEOS Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding. NEOS Investment Management LLC’s holdings in Intuit were worth $82,984,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Intuit in the second quarter valued at $3,268,830,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit during the 2nd quarter worth $782,677,000. Vanguard Group Inc. grew its holdings in shares of Intuit by 3.3% in the 3rd 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. Finally, Swedbank AB raised its position in shares of Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after purchasing an additional 751,027 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.4%

NASDAQ:INTU opened at $399.40 on Tuesday. The company has a market cap of $111.14 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.63 and a beta of 1.24. Intuit Inc. has a 52-week low of $389.32 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s fifty day moving average price is $577.22 and its two-hundred day moving average price is $640.09.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. Intuit’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Insider Activity

In related news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INTU. UBS Group set a $739.00 target price on shares of Intuit in a report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Oppenheimer lowered their price objective on Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. BMO Capital Markets lowered their price target on Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Finally, Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $772.42.

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.