Primecap Management Co. CA Takes Position in Intuit Inc. $INTU

Primecap Management Co. CA acquired a new position in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,110,067 shares of the software maker’s stock, valued at approximately $289,727,000. Primecap Management Co. CA owned about 0.41% of Intuit at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PDT Partners LLC bought a new stake in shares of Intuit during the 2nd quarter worth approximately $12,058,000. Palisade Capital Management LP bought a new position in Intuit in the 2nd quarter valued at $336,000. Canada Pension Plan Investment Board bought a new position in Intuit in the 2nd quarter valued at $224,830,000. Legal & General Group Plc purchased a new stake in Intuit in the second quarter worth $498,798,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Intuit in the second quarter worth $179,663,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is owned by corporate insiders.

Intuit Trading Down 3.4%

NASDAQ INTU opened at $357.46 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market cap of $97.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The company has a 50 day moving average price of $302.38 and a 200 day moving average price of $357.99. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Daiwa Securities Group lowered their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Rothschild & Co Redburn reduced their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. BNP Paribas Exane decreased their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company reduced their price objective on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.65.

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.