DUTCH ASSET Corp Takes $1.83 Million Position in Intuit Inc. $INTU

DUTCH ASSET Corp purchased a new stake in Intuit Inc. (NASDAQ:INTU) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,240 shares of the software maker’s stock, valued at approximately $1,833,000. Intuit makes up about 1.2% of DUTCH ASSET Corp’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in Intuit during the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the third quarter worth $33,000. Birchwood Financial Partners Inc. purchased a new position in shares of Intuit during the fourth quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $293.82 on Tuesday. The firm has a market cap of $80.37 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.07 and a beta of 1.00. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. 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 business has a fifty day simple moving average of $301.21 and a 200 day simple moving average of $402.03.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. 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, sell-side analysts predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s payout ratio is presently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by company insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Several law firms issued fresh reminders about the pending class action and September 8 lead plaintiff deadline, highlighting ongoing litigation risk for Intuit investors. Article Title
• Negative Sentiment: New notices from Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, Robbins LLP, and BFA Law reinforce that a securities fraud lawsuit has already been filed against Intuit. Article Title
• Negative Sentiment: One report says Intuit was accused of misrepresentations about pricing issues, adding to the legal overhang that may pressure the stock. Article Title
• Neutral Sentiment: Analyst commentary noted TurboTax Live is performing well, while Intuit also plans to revamp DIY tax products with simpler offerings, better pricing, and expanded financial services to regain cost-conscious filers. Article Title
• Neutral Sentiment: Susquehanna cut its price target on Intuit to $427 from $550 but kept a positive rating, which signals some caution but still implies upside from current levels.
• Positive Sentiment: Several articles framed the recent decline in Intuit (INTU) as potentially overdone, suggesting some investors see the pullback as a buying opportunity. Article Title

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. Mizuho dropped their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Morgan Stanley downgraded Intuit from an “overweight” rating to an “underweight” rating in a report on Tuesday. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, The Goldman Sachs Group cut shares of Intuit from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $486.42.

Intuit 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.