Factory Mutual Insurance Co. Grows Position in Intuit Inc. $INTU

Key Points

• Factory Mutual Insurance Co. increased its stake in Intuit by 27.7% in Q4 to 53,900 shares, worth about $35.7 million after purchasing an additional 11,700 shares.
• Intuit posted an earnings beat (EPS $4.15 vs. $3.68) with raised FY2026 guidance and gained product momentum (FedNow certification for QuickBooks instant payments), reinforcing its growth case.
• However, shares have fallen to multi‑year/52‑week lows amid AI‑related competitive fears, analyst price‑target cuts and heavy selling; the consensus rating is a "Moderate Buy" with an average target of $638.06.

Factory Mutual Insurance Co. grew its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,900 shares of the software maker's stock after buying an additional 11,700 shares during the period. Factory Mutual Insurance Co.'s holdings in Intuit were worth $35,704,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock worth $19,546,243,000 after buying an additional 914,024 shares in the last quarter. State Street Corp grew its position in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock valued at $8,797,779,000 after purchasing an additional 158,456 shares during the period. Invesco Ltd. grew its position in shares of Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock valued at $2,565,810,000 after purchasing an additional 271,407 shares during the period. Northern Trust Corp grew its position in shares of Intuit by 4.8% in the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock valued at $2,356,040,000 after purchasing an additional 158,843 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: FedNow certification strengthens Intuit’s product moat for SMBs by enabling instant payments and faster cash flow on QuickBooks and related products—this could deepen bank partnerships and improve customer stickiness. Intuit Completes FedNow® Service Certification
• Positive Sentiment: Street support and fundamentals: multiple analysts still rate INTU overweight/buy and median price targets remain well above current levels; recent quarterly results showed revenue and EPS beats, which underpins the longer‑term growth case. QuiverQuant: INTU opinions
• Neutral Sentiment: Valuation is being reassessed: after the sharp pullback INTU now trades at much lower multiples versus recent highs, prompting buy/hold/sell debates — some see a discounted entry, others want more clarity on AI impact into the tax season. Intuit Stock Trades at a Discount
• Negative Sentiment: AI‑related competitive fears: launch of Anthropic’s Managed Agents and advances from other AI providers have sparked concerns that autonomous agents could displace seat‑based SaaS revenue (TurboTax, QuickBooks seat/licensing models), triggering a sectorwide selloff that hit INTU hard. Anthropic model shocks software stocks
• Negative Sentiment: Price action and flows: shares have fallen to multi‑year/52‑week lows on heavy volume, accompanied by notable insider sales and large institutional reductions at some firms—heightening technical and sentiment pressure. Intuit hits 52-week low
• Negative Sentiment: Analyst/pricing resets: a handful of models and fair‑value estimates have been trimmed as analysts incorporate AI risk and near‑term tax‑season uncertainty, which could limit near‑term upside despite intact long‑term fundamentals. Narrative shifting with AI risks

Analyst Ratings Changes

A number of equities research analysts have recently commented on INTU shares. KeyCorp lowered their price objective on Intuit from $750.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Scotiabank set a $575.00 price objective on Intuit in a research report on Friday, March 6th. UBS Group lowered their price objective on Intuit from $725.00 to $440.00 and set a "neutral" rating for the company in a research report on Friday, February 27th. Barclays reaffirmed an "overweight" rating and issued a $540.00 price objective on shares of Intuit in a research report on Monday, March 16th. Finally, Stifel Nicolaus lowered their price objective on Intuit from $800.00 to $500.00 and set a "buy" rating for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and a consensus price target of $638.06.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of Intuit stock opened at $350.94 on Friday. Intuit Inc. has a twelve month low of $342.11 and a twelve month high of $813.70. The stock has a market capitalization of $97.05 billion, a P/E ratio of 22.73, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The business's fifty day moving average price is $422.30 and its 200 day moving average price is $567.10.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Intuit's dividend payout ratio (DPR) is presently 31.09%.

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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