Sumitomo Mitsui Trust Group Inc. Has $488.17 Million Stake in Intuit Inc. $INTU

Key Points

• Sumitomo Mitsui Trust Group Inc. trimmed its stake in Intuit by 7.8% in Q4 and now holds 736,955 shares worth about $488.17 million, equal to roughly 0.26% of the company.
• Intuit reported strong results—Q4 EPS of $4.15 vs. $3.68 expected and revenue of $4.65 billion (up 17.4% year‑over‑year)—and set FY2026 guidance implying continued earnings growth.
• Despite solid fundamentals, shares have plunged to multi‑year lows amid AI‑related competitive fears, heavy selling and some analyst price‑target cuts, though the consensus rating remains around "Moderate Buy" with an average target near $638.06.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 736,955 shares of the software maker's stock after selling 62,352 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Intuit worth $488,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTU. MTM Investment Management LLC lifted its holdings in Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Total Investment Management Inc. acquired a new stake in Intuit during the 2nd quarter worth approximately $33,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the 3rd quarter worth approximately $33,000. Richardson Financial Services Inc. lifted its holdings in Intuit by 70.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker's stock worth $35,000 after purchasing an additional 21 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in Intuit during the 3rd quarter worth approximately $36,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction 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 approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.49% of the company's stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: FedNow certification strengthens Intuit’s product moat for SMBs by enabling instant payments and faster cash flow on QuickBooks and related products—this could deepen bank partnerships and improve customer stickiness. Intuit Completes FedNow® Service Certification
• Positive Sentiment: Street support and fundamentals: multiple analysts still rate INTU overweight/buy and median price targets remain well above current levels; recent quarterly results showed revenue and EPS beats, which underpins the longer‑term growth case. QuiverQuant: INTU opinions
• Neutral Sentiment: Valuation is being reassessed: after the sharp pullback INTU now trades at much lower multiples versus recent highs, prompting buy/hold/sell debates — some see a discounted entry, others want more clarity on AI impact into the tax season. Intuit Stock Trades at a Discount
• Negative Sentiment: AI‑related competitive fears: launch of Anthropic’s Managed Agents and advances from other AI providers have sparked concerns that autonomous agents could displace seat‑based SaaS revenue (TurboTax, QuickBooks seat/licensing models), triggering a sectorwide selloff that hit INTU hard. Anthropic model shocks software stocks
• Negative Sentiment: Price action and flows: shares have fallen to multi‑year/52‑week lows on heavy volume, accompanied by notable insider sales and large institutional reductions at some firms—heightening technical and sentiment pressure. Intuit hits 52-week low
• Negative Sentiment: Analyst/pricing resets: a handful of models and fair‑value estimates have been trimmed as analysts incorporate AI risk and near‑term tax‑season uncertainty, which could limit near‑term upside despite intact long‑term fundamentals. Narrative shifting with AI risks

Intuit Price Performance

Intuit stock opened at $350.94 on Friday. The stock's fifty day moving average price is $422.30 and its two-hundred day moving average price is $566.17. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $97.05 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the company earned $3.32 EPS. The company's revenue 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, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, April 9th. Intuit's dividend payout ratio (DPR) is 31.09%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INTU. KeyCorp dropped their price target on Intuit from $750.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Jefferies Financial Group set a $650.00 price target on Intuit in a report on Sunday, February 22nd. Oppenheimer dropped their price target on Intuit from $696.00 to $558.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Truist Financial began coverage on Intuit in a report on Tuesday, January 6th. They set a "buy" rating and a $739.00 price target for the company. Finally, The Goldman Sachs Group dropped their price target on Intuit from $720.00 to $519.00 and set a "neutral" rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $638.06.

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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