SBI Okasan Asset Management Co.Ltd. Takes Position in Intuit Inc. $INTU

Key Points

• SBI Okasan Asset Management opened a new position in Intuit during the fourth quarter, buying 3,750 shares worth about $2.53 million.
• Institutional ownership remains high, with 83.66% of Intuit shares held by hedge funds and other institutional investors, and several other firms recently increased their stakes.
• Analyst sentiment is still generally positive despite multiple price-target cuts; Intuit has a consensus rating of “Moderate Buy” with an average target price of $525.65.

SBI Okasan Asset Management Co.Ltd. bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,750 shares of the software maker's stock, valued at approximately $2,528,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Intuit by 0.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,212 shares of the software maker's stock worth $44,523,000 after purchasing an additional 382 shares during the period. Moors & Cabot Inc. increased its position in Intuit by 11.0% in the fourth quarter. Moors & Cabot Inc. now owns 930 shares of the software maker's stock worth $616,000 after purchasing an additional 92 shares during the period. Intech Investment Management LLC increased its position in Intuit by 191.3% in the fourth quarter. Intech Investment Management LLC now owns 60,145 shares of the software maker's stock worth $39,841,000 after purchasing an additional 39,500 shares during the period. Foundations Investment Advisors LLC increased its position in Intuit by 8.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 760 shares of the software maker's stock worth $503,000 after purchasing an additional 62 shares during the period. Finally, Godfrey Financial Associates Inc. acquired a new stake in Intuit in the fourth quarter worth about $508,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore lowered their price objective on Intuit from $540.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. TD Cowen lowered their price objective on Intuit from $576.00 to $504.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Weiss Ratings upgraded Intuit from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. Bank of America began coverage on Intuit in a report on Wednesday. They set a "buy" rating and a $400.00 target price on the stock. Finally, Daiwa Securities Group reduced their target price on Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a report on Wednesday. Twenty-four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $525.65.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business'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 directly 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. Insiders own 2.49% of the company's stock.

Intuit News Roundup

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 Trading Up 1.7%

NASDAQ INTU opened at $313.00 on Friday. The stock has a market capitalization of $85.62 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.18 and a beta of 1.04. The stock's 50 day moving average price is $392.72 and its two-hundred day moving average price is $499.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a 52 week low of $300.50 and a 52 week high of $813.70.

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

Intuit Announces Dividend

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 paid a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.5%. Intuit's payout ratio is presently 29.07%.

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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