Meiji Yasuda Asset Management Co Ltd. Makes New $684,000 Investment in Intuit Inc. $INTU

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Intuit Inc. (NASDAQ:INTU) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,620 shares of the software maker’s stock, valued at approximately $684,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC grew its holdings in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its holdings in Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after acquiring an additional 51 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

Intuit Trading Down 3.4%

Intuit stock opened at $357.46 on Wednesday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The firm’s 50-day moving average is $302.38 and its 200-day moving average is $357.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $97.78 billion, a P/E ratio of 21.65, a PEG ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts expect that Intuit Inc. will post 18.19 earnings per share for the current 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

A number of brokerages have recently issued reports on INTU. Truist Financial restated a “hold” rating and issued a $350.00 target price (down from $410.00) on shares of Intuit in a research note on Monday, August 3rd. Barclays decreased their price target on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Argus lowered their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Jefferies Financial Group cut their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday. Finally, Bank of America began coverage on Intuit in a report on Wednesday, May 27th. They set a “buy” rating and a $400.00 target price on the stock. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $449.65.

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.