Intuit Inc. $INTU Holdings Raised by Van ECK Associates Corp

Key Points

• Van ECK Associates increased its stake in Intuit by 4.1% to 62,485 shares (worth about $42.7M), and other large institutions like Vanguard, State Street, Norges Bank and Invesco also hold or grew sizable positions—institutions now own about 83.66% of INTU.
• Intuit beat quarterly expectations, reporting $4.15 EPS vs. $3.68 expected and revenue of $4.65B (up 17.4% YoY), and provided Q3 and FY2026 EPS guidance while declaring a $1.20 quarterly dividend (1.1% yield).
• Significant insider selling occurred—CEO Sasan Goodarzi sold 41,000 shares and insiders sold ~119,835 shares totaling ~$79.7M—while the stock was trading down ~3% amid several analyst price-target cuts, though the consensus rating remains a Moderate Buy.

Van ECK Associates Corp lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,485 shares of the software maker's stock after purchasing an additional 2,469 shares during the quarter. Van ECK Associates Corp's holdings in Intuit were worth $42,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Vanguard Group Inc. increased its position in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock worth $19,546,243,000 after acquiring an additional 914,024 shares in the last quarter. State Street Corp lifted its position in shares of Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker's stock valued at $10,022,059,000 after acquiring an additional 125,990 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker's stock valued at $5,042,107,000 after acquiring an additional 115,721 shares in the last quarter. Norges Bank acquired a new position in Intuit in the 2nd quarter worth approximately $3,268,830,000. Finally, Invesco Ltd. grew its position in Intuit by 13.2% during the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker's stock worth $2,745,492,000 after purchasing an additional 407,078 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Down 3.0%

Intuit stock opened at $440.45 on Thursday. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $121.81 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.82 and a beta of 1.26. The company's fifty day simple moving average is $490.65 and its 200-day simple moving average is $603.35.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) 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 during 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 business's revenue for the quarter was up 17.4% on a year-over-year basis. 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, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.1%. Intuit's payout ratio is presently 31.09%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup cut their target price on shares of Intuit from $803.00 to $649.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. BMO Capital Markets lowered their price target on Intuit from $624.00 to $550.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Scotiabank set a $575.00 price target on Intuit in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Intuit from $850.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Argus lowered their target price on Intuit from $780.00 to $580.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $643.29.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the firm's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 119,835 shares of company stock valued at $79,679,393. 2.49% of the stock is currently owned by corporate insiders.

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.

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