Generate Investment Management Ltd Purchases Shares of 27,804 Intuit Inc. $INTU

Key Points

• Generate Investment Management Ltd opened a new position in Intuit during Q1, buying 27,804 shares valued at about $12.0 million.
• Intuit’s latest quarterly results beat expectations, with EPS of $12.80 on $8.56 billion in revenue, up 10.4% from a year earlier. The company also issued FY 2026 guidance above current analyst forecasts.
• Despite recent analyst target cuts, Wall Street remains mostly constructive on the stock, with an overall Moderate Buy rating and an average price target of $511.35. Intuit also declared a $1.20 quarterly dividend, equal to a 1.9% annualized yield.

Generate Investment Management Ltd purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,804 shares of the software maker's stock, valued at approximately $12,022,000.

Other institutional investors have also recently made changes to their positions in the company. GW&K Investment Management LLC grew its stake in shares of Intuit by 8.6% during the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker's stock valued at $138,000 after acquiring an additional 16 shares during the period. Cannell & Spears LLC increased its holdings in Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker's stock worth $2,641,000 after acquiring an additional 16 shares in the last quarter. Betterment LLC raised its stake in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker's stock worth $532,000 after acquiring an additional 16 shares during the period. Crawford Investment Counsel Inc. lifted its holdings in Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker's stock valued at $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its holdings in Intuit by 0.4% during the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker's stock valued at $2,629,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

NASDAQ INTU opened at $257.77 on Tuesday. The stock has a market capitalization of $70.51 billion, a PE ratio of 15.61, a P/E/G ratio of 0.98 and a beta of 0.98. The business has a 50 day simple moving average of $347.59 and a two-hundred day simple moving average of $457.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts predict that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, July 9th. Intuit's payout ratio is currently 29.07%.

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu acquired 500 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares of the company's stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total transaction of $80,144.80. Following the completion of the transaction, the director directly owned 12,042 shares of the company's stock, valued at $3,398,252.40. The trade was a 2.30% 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. In the last ninety days, insiders have sold 955 shares of company stock worth $273,855. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INTU shares. The Goldman Sachs Group lowered shares of Intuit from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Evercore lowered their target price on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Argus dropped their target price on shares of Intuit from $580.00 to $480.00 and set a "buy" rating for the company in a report on Friday, May 22nd. Wells Fargo & Company cut their price target on Intuit from $425.00 to $360.00 and set an "equal weight" rating for the company in a research note on Thursday, May 21st. Finally, Freedom Capital lowered Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $511.35.

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.

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