861,419 Shares in Intuit Inc. $INTU Bought by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 861,419 Intuit shares worth approximately $224.8 million, giving it a 0.31% stake. Institutional investors collectively own 83.66% of the company.
• Intuit exceeded quarterly expectations with EPS of $4.03 versus the $3.58 consensus and revenue of $4.35 billion, up 13.7% year over year. The company issued fiscal 2027 EPS guidance of $22.88–$23.12.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average price target of $449.65, although several firms recently cut targets or downgraded the stock. Shares opened at $357.46, well below their 12-month high of $705.08.

Canada Pension Plan Investment Board bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 861,419 shares of the software maker's stock, valued at approximately $224,830,000. Canada Pension Plan Investment Board owned about 0.31% of Intuit as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INTU. Rakuten Investment Management Inc. increased its holdings in shares of Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker's stock worth $34,852,000 after buying an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Intuit by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock valued at $1,848,954,000 after acquiring an additional 471,451 shares in the last quarter. Vestcor Inc grew its position in Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker's stock worth $13,723,000 after acquiring an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker's stock worth $37,452,000 after acquiring an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Intuit by 13.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker's stock worth $39,728,000 after purchasing an additional 6,999 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company dropped their target price on Intuit from $425.00 to $360.00 and set an "equal weight" rating for the company in a research report on Thursday, May 21st. BMO Capital Markets lowered their price objective on Intuit from $550.00 to $412.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Freedom Capital lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a "neutral" rating to a "sell" rating and cut their target price for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Finally, TD Cowen reissued a "buy" rating on shares of Intuit in a report on Tuesday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $449.65.

Intuit Trading Down 3.4%

NASDAQ INTU opened at $357.46 on Wednesday. The business's 50-day moving average price is $302.38 and its two-hundred day moving average price is $357.99. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The firm has a market capitalization of $97.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm's revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. 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, analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Insider Transactions at Intuit

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

Intuit News Roundup

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

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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