Sumitomo Mitsui DS Asset Management Company Ltd Has $46.62 Million Position in Intuit Inc. $INTU

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,384 shares of the software maker's stock after purchasing an additional 6,218 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Intuit were worth $46,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. Vanguard Group Inc. raised its position in Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock valued at $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp grew its holdings in Intuit by 1.2% during the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the last quarter. Invesco Ltd. increased its position in Intuit by 7.8% in the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock valued at $2,565,810,000 after acquiring an additional 271,407 shares during the period. Northern Trust Corp increased its position in Intuit by 4.8% in the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock valued at $2,356,040,000 after acquiring an additional 158,843 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Intuit by 183.8% during the third 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. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on INTU shares. Wall Street Zen cut shares of Intuit from a "buy" rating to a "hold" rating in a research note on Saturday. Daiwa Securities Group decreased their price target on Intuit from $800.00 to $640.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Barclays reaffirmed an "overweight" rating and issued a $540.00 price objective on shares of Intuit in a research note on Monday, March 16th. Wolfe Research set a $550.00 target price on shares of Intuit and gave the company an "outperform" rating in a research report on Thursday, March 12th. Finally, TD Cowen restated a "buy" rating on shares of Intuit in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $636.10.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Brokerage consensus remains constructive — the average recommendation is roughly a Buy/“Moderate Buy,” which helps cap downside and supports investor confidence. Intuit (INTU) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: Coverage is debating whether the stock is attractive after a ~35% one‑year decline — the piece lays out both the potential valuation opportunity and the risks that still exist. Is It Time To Reconsider Intuit (INTU) After A 35% One Year Share Price Fall
• Neutral Sentiment: Short-term price action has shown occasional rebounds (recent close previously reported up ~2%), indicating intermittent buying even as broader concerns persist. Intuit (INTU) Advances While Market Declines: Some Information for Investors
• Neutral Sentiment: Operational news is low impact: an article on QuickBooks Enterprise support and a small TurboTax retail lease are positive for the franchise but unlikely to move the stock materially. Intuit QuickBooks Enterprise Support: Expert Help for Your Business Intuit TurboTax Signs 2.5K-SF Retail Lease at One Willoughby Square
• Neutral Sentiment: Be cautious about conflating similarly named firms: a recent press item about “Intuitive.ai” gaining AWS competency refers to a different company and is not material to Intuit Inc.’s fundamentals. Intuitive.ai achieves AWS Data and Analytics Competency as Enterprises Reassess the Foundations of AI
• Negative Sentiment: Valuation and technical headwinds: the stock is still well below its 200‑day moving average and has fallen ~35% in the past year — factors that weigh on momentum and can keep downward pressure until growth visibility improves.
• Negative Sentiment: Analyst ratings may be blunt instruments — several articles note that average broker recommendations can be overly optimistic; if fundamentals or guidance slip, upside could be limited despite the “Buy” consensus. Intuit (INTU) Is Considered a Good Investment by Brokers: Is That True?

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the 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 completion of the sale, the director directly owned 13,253 shares of the company's stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.49% of the company's stock.

Intuit Trading Down 2.1%

NASDAQ INTU opened at $398.32 on Wednesday. The stock has a market capitalization of $110.16 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.64 and a beta of 1.04. The business has a 50 day simple moving average of $415.20 and a 200 day simple moving average of $535.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70.

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 for the quarter, beating the consensus estimate of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. Intuit's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit's payout ratio is currently 31.09%.

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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