Border to Coast Pensions Partnership Ltd Buys 43,020 Shares of Intuit Inc. $INTU

Border to Coast Pensions Partnership Ltd raised its stake in Intuit Inc. (NASDAQ:INTU) by 42.0% in the 1st quarter, HoldingsChannel reports. The fund owned 145,466 shares of the software maker’s stock after buying an additional 43,020 shares during the quarter. Intuit accounts for about 1.1% of Border to Coast Pensions Partnership Ltd’s holdings, making the stock its 27th biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Intuit were worth $63,089,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INTU. Joseph Group Capital Management acquired a new position in shares of Intuit during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC increased its holdings in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Intuit in the 3rd quarter worth approximately $33,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Intuit during the 4th quarter worth $33,000. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on INTU shares. UBS Group decreased their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company dropped their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Truist Financial cut their price target on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. TD Cowen decreased their price target on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $498.40.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: INTU is benefiting from dip-buying after its steep decline, with investors stepping in near 52-week lows and supporting a bounce in the name.
• Positive Sentiment: Lower Treasury yields have boosted interest in software and other growth stocks, improving the backdrop for Intuit.
• Positive Sentiment: Intuit is set to highlight its rebuilt AI infrastructure at VB Transform 2026, reinforcing the company’s investment in scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Neutral Sentiment: Recent insider selling by Director Richard Dalzell was done under a pre-arranged trading plan, so it is not a strong signal by itself, but it can add to cautious sentiment when shares are already under pressure. Intuit director stock sale
• Negative Sentiment: Investor concerns increased after reports of pricing issues and a large stock drop led to a securities-fraud investigation notice, which could keep legal and reputational pressure on the stock. INTU Fraud Alert: Intuit Securities Fraud Investigation on behalf of Investors after Stock Drops 20% is Ongoing
• Negative Sentiment: Another law firm is also investigating claims on behalf of investors, adding to the legal overhang. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Analysts have been cutting price targets and at least one major firm downgraded the stock, with concerns that management may lower near- to medium-term growth guidance.
• Negative Sentiment: Reports of QuickBooks outages and ongoing scrutiny around TurboTax pricing and AI disruption concerns are adding uncertainty around Intuit’s business outlook. Is Intuit’s QuickBooks down? Business owners report issues; company responds widespread outages

Intuit Price Performance

Shares of INTU stock opened at $267.15 on Friday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70. The stock has a market cap of $73.08 billion, a PE ratio of 16.18, a PEG ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day moving average price is $338.90 and its two-hundred day moving average price is $447.57.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, analysts forecast that Intuit Inc. will post 18.19 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is currently owned by corporate 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.