Intuit Inc. $INTU Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC decreased its holdings in Intuit Inc. by 1.9%, selling 1,631 shares to end the quarter with 84,473 shares valued at approximately $51.9 million.
• Management and insider transactions included sales by EVP Mark P. Notarainni and Director Richard L. Dalzell, who collectively sold over 1,400 shares, reflecting a significant decrease in ownership.
• Intuit's stock performance shows a market capitalization of $184.85 billion and a 52-week price range between $532.65 and $813.70, with recent earnings beating estimates.

MetLife Investment Management LLC cut its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,473 shares of the software maker's stock after selling 1,631 shares during the period. MetLife Investment Management LLC's holdings in Intuit were worth $51,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. GAMMA Investing LLC raised its position in Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. Nuveen LLC bought a new stake in Intuit during the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the 1st quarter valued at $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after purchasing an additional 771,232 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,650 shares of company stock worth $113,959,883. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 target price (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Morgan Stanley dropped their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday. Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Citigroup dropped their target price on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday. Finally, BMO Capital Markets increased their target price on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $2.58 on Tuesday, hitting $659.54. 3,762,506 shares of the company were exchanged, compared to its average volume of 2,044,962. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock's 50 day moving average price is $752.75 and its 200 day moving average price is $675.97. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $183.98 billion, a P/E ratio of 48.00, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is currently 30.28%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.