Sumitomo Mitsui Trust Group Inc. Grows Stock Position in Intuit Inc. $INTU

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 799,307 shares of the software maker’s stock after buying an additional 5,908 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.29% of Intuit worth $545,855,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after purchasing an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Intuit in the second quarter valued at approximately $1,733,000. denkapparat Operations GmbH acquired a new stake in shares of Intuit in the second quarter valued at $830,000. New York Life Investment Management LLC increased its stake in shares of Intuit by 1.1% during the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after buying an additional 442 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Intuit by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock valued at $5,205,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last ninety days. Insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTU shares. Rothschild & Co Redburn lifted their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a report on Thursday. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. BMO Capital Markets reduced their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Cowen initiated coverage on Intuit in a report on Wednesday. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $784.81.

Intuit Stock Performance

Intuit stock opened at $646.90 on Monday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock’s 50-day moving average is $656.34 and its 200-day moving average is $690.43. 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 company has a market cap of $180.01 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25.

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 net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a dividend of $1.20 per share. 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 currently 32.81%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: TD Cowen initiated coverage with a “buy” and a $802 price target — a prominent bullish call that can attract momentum and institutional interest. TD Cowen Buy on Intuit
• Positive Sentiment: Truist began coverage with a “buy” and $739 target, another institutional endorsement supporting demand among growth investors. Truist Initiates on Intuit
• Positive Sentiment: Media coverage of Intuit’s SMB Media Labs at CES highlights potential new advertising/media revenue for small-business customers — a strategic growth narrative beyond core tax and accounting products. Intuit SMB MediaLabs at CES
• Neutral Sentiment: Analyst roundups and coverage (Zacks, 24/7 Wall St.) largely reiterate existing bullish sentiment and recap recent calls — helpful for market tone but not new fundamentals. Zacks: Wall Street Views on Intuit
• Neutral Sentiment: Company announced a $1.20 quarterly dividend (ex-dividend/record timing noted in filings) — supports yield narrative but is expected and modest versus growth drivers. MarketBeat Intuit Summary
• Negative Sentiment: Wells Fargo cut Intuit from “overweight” to “equal weight” and trimmed its price target to $700 (from $840) — a notable downgrade that lowers near-term analyst support. Wells Fargo Downgrade
• Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares (~$26.65M at ~$650.10) on Jan. 7, cutting his direct holding by ~75% — a large insider disposition that can weigh on sentiment even if for personal/planned-liquidity reasons. SEC Form 4 – Goodarzi Sale
• Negative Sentiment: CFO Sandeep Aujla also recently sold shares (~1,335 shares), another insider sale that can add to near-term selling pressure. SEC Form 4 – Aujla Sale

Intuit Company 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.