707,950 Shares in Intuit Inc. $INTU Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Intuit Inc. (NASDAQ:INTU) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 707,950 shares of the software maker’s stock, valued at approximately $184,808,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Intuit at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Intuit during the fourth quarter valued at $3,058,407,000. Bank of New York Mellon Corp purchased a new position in Intuit in the second quarter worth about $564,592,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter valued at about $785,564,000. Finally, Amundi increased its position in shares of Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after purchasing an additional 484,602 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last ninety days. 2.49% of the stock is currently owned by insiders.

Intuit Price Performance

NASDAQ INTU opened at $335.60 on Tuesday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $721.54. The stock has a market cap of $91.80 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.09 and a beta of 0.97. The company’s 50 day moving average is $292.88 and its two-hundred day moving average is $363.19. 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 posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on INTU shares. Argus dropped their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Susquehanna decreased their price target on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research report on Monday, July 20th. TD Cowen lifted their price target on shares of Intuit from $304.00 to $328.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Northcoast Research cut their price objective on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, UBS Group reduced their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $454.65.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s growth opportunity remains substantial: analysts highlighted a nearly $90 billion mid-market opportunity, with advanced QuickBooks and other products potentially offsetting pressure in the do-it-yourself tax business. INTU Targets a Massive Mid-Market Opportunity
• Positive Sentiment: Mizuho lowered its price target to $430 from $500 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. The company also recently exceeded quarterly earnings and revenue expectations, with revenue up 10.4% year over year. Mizuho Intuit Price Target Update
• Neutral Sentiment: Investor attention is focused on Intuit’s upcoming August 25 earnings report, with market discussions centering on expected growth, TurboTax and QuickBooks performance, and whether artificial intelligence will strengthen or disrupt tax and accounting software.
• Negative Sentiment: Several law firms—including Faruqi & Faruqi, Kessler Topaz, Levi & Korsinsky, Schall Brown & Schwartz, and Rosen—issued notices promoting the pending securities-fraud lawsuit. Although these notices do not establish liability or quantify damages, their volume reinforces investor concerns about possible litigation costs, reputational damage, and scrutiny of TurboTax growth disclosures. Intuit Class Action Notice
• Negative Sentiment: The Mizuho target reduction signals that analysts have become more cautious about Intuit’s near-term outlook, even though the firm retained its bullish rating. Mizuho Intuit Price Target Update

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.