ABN Amro Investment Solutions Boosts Stake in Intuit Inc. $INTU

ABN Amro Investment Solutions lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 147.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,045 shares of the software maker’s stock after buying an additional 19,695 shares during the period. ABN Amro Investment Solutions’ holdings in Intuit were worth $21,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Wealth Management LLC lifted its stake in shares of Intuit by 21.7% in the fourth quarter. Brown Wealth Management LLC now owns 364 shares of the software maker’s stock worth $241,000 after buying an additional 65 shares in the last quarter. Intrust Bank NA lifted its stake in shares of Intuit by 4.8% in the fourth quarter. Intrust Bank NA now owns 2,018 shares of the software maker’s stock worth $1,337,000 after buying an additional 93 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Intuit by 5.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 23,503 shares of the software maker’s stock worth $15,569,000 after purchasing an additional 1,212 shares during the period. Hardy Reed LLC raised its stake in Intuit by 6.6% during the fourth quarter. Hardy Reed LLC now owns 924 shares of the software maker’s stock worth $612,000 after purchasing an additional 57 shares during the period. Finally, Covestor Ltd raised its stake in Intuit by 21.3% during the fourth quarter. Covestor Ltd now owns 388 shares of the software maker’s stock worth $258,000 after purchasing an additional 68 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of INTU opened at $383.93 on Thursday. Intuit Inc. has a 1-year low of $342.11 and a 1-year high of $813.70. The stock has a market cap of $106.18 billion, a PE ratio of 24.87, a P/E/G ratio of 1.61 and a beta of 1.04. The firm has a 50-day simple moving average of $408.90 and a two-hundred day simple moving average of $514.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period last year, the business earned $11.65 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. 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 17.44 EPS for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. Intuit’s payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Daiwa Securities Group reduced their target price on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Scotiabank set a $575.00 target price on shares of Intuit in a research note on Friday, March 6th. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Citigroup reduced their target price on shares of Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $634.26.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected fiscal Q3 results, with earnings and revenue topping estimates, and management raised both full-year revenue and profit guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The company also authorized an $8 billion share repurchase plan and increased its quarterly dividend, signaling confidence in cash flow and capital returns. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Management said it is expanding AI capabilities across products such as QuickBooks, which could support longer-term efficiency and growth if execution stays on track. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, creating restructuring charges of about $300 million to $340 million and raising concerns about disruption. Intuit boosts annual forecasts, to cut 17% of global staff
• Negative Sentiment: Investors also reacted to a lower annual TurboTax revenue outlook, which fed worries that AI-driven changes could pressure the company’s core tax business. Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Insider Buying and Selling at Intuit

In related 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 value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 2.49% of the company’s stock.

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.