Simplify Asset Management Inc. Makes New $800,000 Investment in Intuit Inc. $INTU

Simplify Asset Management Inc. bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,171 shares of the software maker’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Intuit by 1.4% during 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 buying an additional 377,657 shares during the last quarter. State Street Corp lifted its holdings in Intuit by 1.0% in the second quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after acquiring an additional 125,990 shares during the last quarter. Geode Capital Management LLC boosted its stake in Intuit by 1.8% in 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. Norges Bank bought a new position in shares of Intuit during the second quarter valued at approximately $3,268,830,000. Finally, Invesco Ltd. raised its position in shares of Intuit by 13.2% during the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after purchasing an additional 407,078 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Wells Fargo & Company dropped their price objective on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Wolfe Research cut their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $796.60.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the completion of the sale, the director directly owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 270,897 shares of company stock worth $177,368,310. 2.49% of the stock is owned by company insiders.

Intuit Stock Performance

Shares of INTU opened at $674.15 on Tuesday. The firm has a 50-day moving average price of $660.20 and a 200 day moving average price of $697.34. The firm has a market capitalization of $187.60 billion, a PE ratio of 46.08, a P/E/G ratio of 2.77 and a beta of 1.27. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

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

Intuit Announces Dividend

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

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.