Border to Coast Pensions Partnership Ltd Has $63.09 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Border to Coast Pensions Partnership Ltd increased its Intuit stake by 42% in the first quarter, buying 43,020 additional shares and bringing its total holdings to 145,466 shares worth about $63.1 million.
• Intuit reported solid quarterly results, with EPS of $12.80 and revenue of $8.56 billion, both slightly above expectations. Revenue rose 10.4% year over year, and the company reaffirmed guidance for fiscal 2026.
• Analysts remain mixed but generally positive: several firms cut price targets, yet the stock still carries an average “Moderate Buy” rating with a consensus target price of $498.40. Insiders were also active, with one director buying shares and another selling under a pre-arranged trading plan.

Border to Coast Pensions Partnership Ltd boosted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 42.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,466 shares of the software maker's stock after acquiring an additional 43,020 shares during the period. Intuit makes up approximately 1.1% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 27th largest holding. Border to Coast Pensions Partnership Ltd owned approximately 0.05% of Intuit worth $63,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC increased its position in shares of Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker's stock valued at $138,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC boosted its stake in Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker's stock worth $2,641,000 after buying an additional 16 shares in the last quarter. Betterment LLC increased its holdings in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker's stock valued at $532,000 after buying an additional 16 shares during the period. Crawford Investment Counsel Inc. raised its stake in shares of Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker's stock valued at $257,000 after buying an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. raised its stake in shares of Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker's stock valued at $2,629,000 after buying an additional 17 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company's stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction 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 completion of the transaction, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last three months. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

INTU has been the topic of several recent research reports. Barclays decreased their target price on shares of Intuit from $540.00 to $443.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. Mizuho cut their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Tuesday, May 26th. KeyCorp decreased their price objective on Intuit from $520.00 to $450.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. Truist Financial lowered their price objective on Intuit from $500.00 to $410.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Finally, Freedom Capital cut Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average target price of $498.40.

Intuit Stock Up 4.7%

INTU opened at $267.15 on Friday. The firm has a market cap of $73.08 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.98 and a beta of 0.98. 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 firm's 50-day simple moving average is $338.90 and its 200-day simple moving average is $447.57. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) 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. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Intuit's payout ratio is 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: INTU is benefiting from dip-buying after its steep decline, with investors stepping in near 52-week lows and supporting a bounce in the name.
• Positive Sentiment: Lower Treasury yields have boosted interest in software and other growth stocks, improving the backdrop for Intuit.
• Positive Sentiment: Intuit is set to highlight its rebuilt AI infrastructure at VB Transform 2026, reinforcing the company’s investment in scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Neutral Sentiment: Recent insider selling by Director Richard Dalzell was done under a pre-arranged trading plan, so it is not a strong signal by itself, but it can add to cautious sentiment when shares are already under pressure. Intuit director stock sale
• Negative Sentiment: Investor concerns increased after reports of pricing issues and a large stock drop led to a securities-fraud investigation notice, which could keep legal and reputational pressure on the stock. INTU Fraud Alert: Intuit Securities Fraud Investigation on behalf of Investors after Stock Drops 20% is Ongoing
• Negative Sentiment: Another law firm is also investigating claims on behalf of investors, adding to the legal overhang. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. - INTU
• Negative Sentiment: Analysts have been cutting price targets and at least one major firm downgraded the stock, with concerns that management may lower near- to medium-term growth guidance.
• Negative Sentiment: Reports of QuickBooks outages and ongoing scrutiny around TurboTax pricing and AI disruption concerns are adding uncertainty around Intuit’s business outlook. Is Intuit's QuickBooks down? Business owners report issues; company responds widespread outages

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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