Ilmarinen Mutual Pension Insurance Co Decreases Holdings in Intuit Inc. $INTU

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its Intuit stake by 9.5% in the fourth quarter, selling 6,023 shares and ending with 57,529 shares valued at about $38.1 million.
• Intuit reported better-than-expected quarterly results, beating estimates on both EPS and revenue, and reaffirmed full-year profitability guidance. The company also raised its outlook for future EPS.
• Despite strong earnings, several analysts cut price targets on Intuit, and multiple law firms launched investigations over pricing and securities-law concerns, creating some near-term uncertainty.

Ilmarinen Mutual Pension Insurance Co cut its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,529 shares of the software maker's stock after selling 6,023 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Intuit were worth $38,108,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in INTU. Alliancebernstein L.P. lifted its stake in shares of Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the 1st quarter valued at about $785,564,000. Vanguard Group Inc. lifted its stake in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Intuit by 74.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,145 shares of the software maker's stock valued at $646,618,000 after acquiring an additional 417,646 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Intuit in the 3rd quarter valued at about $267,018,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares of the company's stock, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction that occurred 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 $5,836,621.20. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is currently owned by corporate insiders.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares near current levels, signaling insider confidence after the selloff. SEC Form 4 filing
• Positive Sentiment: Bank of America and other recent analyst commentary remained constructive, citing Intuit’s strong margins, AI tailwinds, and long-term growth runway, even though some price targets were trimmed. Proactive Investors article
• Positive Sentiment: Intuit’s latest earnings beat expectations, with revenue and EPS both ahead of consensus and full-year guidance reaffirming solid profitability. Intuit earnings summary
• Neutral Sentiment: Recent coverage also highlighted investor interest in Intuit, but much of it was broad commentary rather than a new business catalyst. Zacks article
• Negative Sentiment: Multiple law firms launched or promoted investigations into Intuit over alleged pricing issues and potential securities-law violations, adding headline risk and uncertainty. PR Newswire investigation notice
• Negative Sentiment: Recent analyst target cuts from firms including Citi, BMO, Mizuho, and Jefferies suggest the market has become more cautious on near-term upside. MarketBeat analyst coverage

Intuit Stock Performance

NASDAQ:INTU opened at $313.00 on Friday. The stock has a market cap of $85.62 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. The firm's fifty day simple moving average is $392.72 and its 200 day simple moving average is $499.68. Intuit Inc. has a twelve month low of $300.50 and a twelve month high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts predict that Intuit Inc. will post 17.6 EPS for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. Intuit's dividend payout ratio is 29.07%.

Analyst Ratings Changes

INTU has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price 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. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a "neutral" rating for the company in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their target price on Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Susquehanna lowered their target price on Intuit from $640.00 to $550.00 and set a "positive" rating for the company in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada lowered their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $525.65.

Intuit 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.

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.