Sei Investments Co. Increases Stake in Intuit Inc. $INTU

Sei Investments Co. increased its stake in Intuit Inc. (NASDAQ:INTU) by 57.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 524,440 shares of the software maker’s stock after acquiring an additional 190,335 shares during the period. Sei Investments Co. owned approximately 0.19% of Intuit worth $413,077,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Intuit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. State Street Corp raised its position in shares of Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after buying an additional 125,990 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. Geode Capital Management LLC grew its position in Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after acquiring an additional 115,721 shares during the period. Finally, Wellington Management Group LLP increased its stake in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Intuit stock opened at $662.43 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s fifty day moving average price is $657.24 and its 200 day moving average price is $705.80. The company has a market capitalization of $184.33 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm earned $2.50 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is presently 32.81%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $653.42, for a total transaction of $217,588.86. Following the completion of the sale, the director owned 14,142 shares of the company’s stock, valued at approximately $9,240,665.64. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 269,466 shares of company stock worth $176,407,397. 2.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INTU shares. Wolfe Research reduced their price objective on Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Morgan Stanley reduced their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, Stifel Nicolaus cut their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average price target of $798.20.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.