Intuit Inc. $INTU Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 12.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,785 shares of the software maker’s stock after buying an additional 14,905 shares during the period. Intuit accounts for 1.3% of Mediolanum International Funds Ltd’s investment portfolio, making the stock its 12th largest position. Mediolanum International Funds Ltd’s holdings in Intuit were worth $104,670,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in INTU. Nuveen LLC purchased a new position in shares of Intuit during the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD raised its stake in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Vanguard Group Inc. raised its stake in Intuit by 1.4% during the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 2.0%

Shares of INTU opened at $637.44 on Friday. The stock’s 50-day moving average price is $665.95 and its 200 day moving average price is $706.58. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $177.72 billion, a price-to-earnings ratio of 46.39, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data 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. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. KeyCorp cut their target price on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Bank of America cut their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $799.35.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,407 shares of company stock valued at $1,614,913 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.