Nomura Asset Management Co. Ltd. Increases Stake in Intuit Inc. $INTU

Nomura Asset Management Co. Ltd. boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 138,080 shares of the software maker’s stock after purchasing an additional 2,626 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Intuit were worth $91,467,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of Intuit during the 4th quarter valued at about $25,000. MTM Investment Management LLC boosted its holdings in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the 3rd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after acquiring an additional 19 shares during the last quarter. Finally, Steph & Co. boosted its holdings in shares of Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

INTU opened at $331.53 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $90.69 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.26 and a beta of 1.04. The company’s 50 day moving average is $390.41 and its 200 day moving average is $498.50. Intuit Inc. has a 12-month low of $300.50 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $11.65 earnings per share. 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, equities research analysts predict that Intuit Inc. will post 17.64 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.4%. Intuit’s payout ratio is currently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on 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 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 available through the SEC website. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INTU shares. Oppenheimer lowered their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Weiss Ratings raised Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. HSBC cut their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. TD Cowen cut their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Stifel Nicolaus cut their price objective on Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $525.65.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America reportedly reinstated a Buy rating on Intuit, which can help support sentiment and signal that Wall Street still sees long-term value in the shares.
• Positive Sentiment: Intuit expanded Mailchimp AI tools and integrations, including Analytics AI and connections with platforms like Shopify, Canva, Wix, WooCommerce, and Claude, reinforcing the company’s AI growth narrative and small-business software momentum. Article: Intuit Expands Mailchimp AI Tools And Integrations For Small Business Growth
• Positive Sentiment: Commentary highlighting how Intuit is overcoming fears of AI disruption may reassure investors that AI is acting more as a tailwind than a threat to its core software franchises. Article: Here’s How Intuit (INTU) is Overcoming the Fears of AI Disruption
• Neutral Sentiment: Articles comparing Intuit vs. PayPal frame INTU as a strong fintech/software contender, but they are more of an industry comparison than a direct catalyst. Article: Intuit vs. PayPal: Which Fintech Stock Is the Better Buy Now?
• Neutral Sentiment: Intuit is also getting more analyst and investor attention after its earnings call and recent coverage, but these items mainly keep the stock in focus rather than changing the fundamental story.
• Negative Sentiment: Multiple law firms and a securities-fraud investigation were announced, alleging possible pricing-related issues and false or misleading statements. That legal pressure could weigh on the shares and keep volatility elevated. Article: INTU Securities News: Intuit Investigated for Securities Fraud Over Pricing Issues
• Negative Sentiment: Argus lowered its price target on Intuit to $480 from $580 after the company reduced guidance, suggesting some near-term caution despite keeping a Buy rating.

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.