Mirae Asset Global Investments Co. Ltd. Acquires 207,147 Shares of Intuit Inc. $INTU

Mirae Asset Global Investments Co. Ltd. purchased a new position in Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 207,147 shares of the software maker’s stock, valued at approximately $57,112,000.

Other large investors also recently bought and sold shares of the company. Beacon Pointe Advisors LLC bought a new stake in shares of Intuit during the 2nd quarter worth approximately $1,643,000. J. Safra Sarasin Holding AG grew its position in Intuit by 831.4% in the 1st quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock valued at $11,817,000 after acquiring an additional 24,402 shares during the last quarter. Cygnus Capital Advisors LLC bought a new position in Intuit in the 2nd quarter valued at $4,706,000. The Manufacturers Life Insurance Company bought a new position in Intuit in the 2nd quarter valued at $179,663,000. Finally, Douglas Lane & Associates LLC increased its stake in Intuit by 24.8% in the third quarter. Douglas Lane & Associates LLC now owns 130,877 shares of the software maker’s stock worth $36,084,000 after purchasing an additional 26,030 shares during the period. Institutional investors own 83.66% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Investors responded favorably to Intuit’s expanded Intuit Intelligence platform, which adds automation and workflow capabilities across QuickBooks, Intuit Enterprise Suite and Intuit Accountant Suite. The company’s planned acquisition of Sequence would further strengthen quote-to-revenue and billing automation for mid-market customers. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Management’s previously reaffirmed fiscal 2027 outlook continues to support the bullish case, including expected full-year revenue growth of approximately 9% to 10%. Intuit also launched Credit Karma Tax with free federal filing and faster-refund features ahead of tax season, adding another potential growth catalyst. Intuit shares climb as investors weigh fresh AI product moves and steady outlook
• Positive Sentiment: Intuit will report fiscal first-quarter 2027 results after the market closes on November 19. The event gives investors a near-term opportunity to assess demand, AI monetization and whether the company is tracking toward its full-year guidance. Intuit to Announce First-Quarter Fiscal Year 2027 Results on Nov. 19
• Neutral Sentiment: Recent institutional activity was mixed: several large investors increased their positions, while others—including Wellington Management and T. Rowe Price—reduced holdings. The conflicting signals suggest continued debate over valuation and Intuit’s AI transition.
• Negative Sentiment: Matrix Asset Advisors reportedly exited Intuit amid uncertainty about the company’s AI-driven business model, highlighting concerns about execution, competitive pressure and the timing of returns from new technology investments. Intuit (INTU): Exiting Amid AI-Driven Business Model Uncertainty
• Negative Sentiment: Insider trading data showed more sales than purchases during the past six months, a modest cautionary signal, although the transactions do not necessarily indicate a change in management’s operating outlook.

Intuit Price Performance

INTU stock opened at $341.09 on Monday. The firm has a 50 day moving average of $319.38 and a 200 day moving average of $362.39. The stock has a market capitalization of $91.15 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $682.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 33.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTU shares. Oppenheimer reduced their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Piper Sandler boosted their price target on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a report on Wednesday, August 26th. Citigroup lowered their price target on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Jefferies Financial Group dropped 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, August 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit has an average rating of “Hold” and a consensus target price of $431.55.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dalzell sold 285 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.49% of the company’s stock.

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.