Natixis Advisors LLC Has $187.34 Million Stake in Intuit Inc. $INTU

Natixis Advisors LLC grew its stake in Intuit Inc. (NASDAQ:INTU) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 282,815 shares of the software maker’s stock after buying an additional 12,440 shares during the period. Natixis Advisors LLC’s holdings in Intuit were worth $187,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Intuit by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp grew its position in Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after purchasing an additional 158,456 shares during the last quarter. Geode Capital Management LLC grew its position in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares during the last quarter. Norges Bank acquired a new stake in Intuit in the 4th quarter worth $3,058,407,000. Finally, Invesco Ltd. grew its position in Intuit by 7.8% in the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after purchasing an additional 271,407 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu bought 1,250 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Jefferies Financial Group decreased their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Bank of America assumed coverage on shares of Intuit in a research report on Wednesday, May 27th. They set a “buy” rating and a $400.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Twenty-four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $525.65.

Intuit Trading Up 6.7%

Shares of INTU stock opened at $353.76 on Tuesday. Intuit Inc. has a 12-month low of $300.50 and a 12-month high of $813.70. The company has a market capitalization of $96.77 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.25 and a beta of 0.98. The firm has a 50-day moving average price of $388.38 and a 200 day moving average price of $495.29. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm posted $11.65 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts forecast that Intuit Inc. will post 17.64 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Intuit’s payout ratio is currently 29.07%.

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.