Swiss National Bank Sells 40,100 Shares of Intuit Inc. $INTU

Key Points

• Swiss National Bank trimmed its Intuit stake by 5.0% in the fourth quarter, selling 40,100 shares and ending with 764,000 shares valued at about $506.1 million.
• Intuit reported better-than-expected quarterly results, with EPS of $12.80 versus $12.57 expected and revenue of $8.56 billion, up 10.4% year over year. The company also reaffirmed guidance for Q4 2026 and FY 2026.
• Despite the solid earnings and recent capital-raising move of $1.75 billion in senior notes, the stock has faced pressure from lower analyst price targets, insider selling, and concerns around pricing-practice investigations and AI monetization skepticism.

Swiss National Bank lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 764,000 shares of the software maker's stock after selling 40,100 shares during the period. Swiss National Bank owned approximately 0.27% of Intuit worth $506,089,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in INTU. Bank of New York Mellon Corp raised its position in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock valued at $1,848,954,000 after buying an additional 471,451 shares in the last quarter. Vestcor Inc raised its position in shares of Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker's stock valued at $13,723,000 after buying an additional 9,148 shares in the last quarter. NEOS Investment Management LLC raised its position in shares of Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker's stock valued at $82,984,000 after buying an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker's stock valued at $30,771,000 after buying an additional 3,600 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker's stock valued at $32,526,000 after buying an additional 6,503 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit said it raised $1.75 billion through a senior notes offering, which strengthens liquidity and gives the company more flexibility for capital needs. Intuit Raises $1.75 Billion Through Senior Notes Offering
• Positive Sentiment: Coverage and commentary continue to point to solid fundamentals, including strong revenue growth in online business solutions and articles arguing the stock may now be a value opportunity after its selloff. Intuit reports strong 19% revenue growth in online business solutions
• Neutral Sentiment: Intuit launched new QuickBooks Payroll tools and services in the UK, a product update that supports the growth story but is not likely to move the stock sharply on its own. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Neutral Sentiment: Intuit’s quarterly earnings call transcript drew attention, but the provided item does not add new details beyond the recent results and guidance already known to investors. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Negative Sentiment: Two insider sales by director Richard L. Dalzell, both done under a pre-arranged 10b5-1 plan, can still weigh on sentiment because investors often view insider selling as a caution signal. Richard L. Dalzell insider transactions
• Negative Sentiment: Multiple reports highlighted an ongoing investigation and investor-alert activity tied to Intuit’s pricing practices, which may be pressuring the stock as legal and regulatory overhang. Investor alert: Pomerantz investigates claims on behalf of investors of Intuit
• Negative Sentiment: Commentary also continued to focus on skepticism around AI monetization, competitive disruption, and the impact of new debt and cost-cutting efforts, reinforcing concerns behind the recent stock decline. Intuit slid amid market skepticism over AI monetization and disruption

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group dropped their price target on shares of Intuit from $650.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Evercore lowered their price objective on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. Erste Group Bank upgraded shares of Intuit to a "hold" rating in a research report on Monday, April 27th. Finally, Susquehanna lowered their price objective on shares of Intuit from $640.00 to $550.00 and set a "positive" rating for the company in a research report on Friday, May 22nd. Twenty-four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $514.58.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the purchase, the director owned 1,750 shares of the company's stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.49% of the company's stock.

Intuit Stock Down 2.6%

Shares of INTU opened at $276.91 on Friday. Intuit Inc. has a one year low of $273.27 and a one year high of $813.70. The company has a market cap of $75.75 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $366.58 and a two-hundred day simple moving average of $475.39.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the business earned $11.65 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The business 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 dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. 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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