The Manufacturers Life Insurance Company Has $140.02 Million Holdings in Intuit Inc. $INTU

Key Points

• The Manufacturers Life Insurance Company reduced its holdings in Intuit Inc. by 3.6%, selling 8,538 shares and holding approximately $140 million worth of shares by the end of the quarter.
• Intuit's quarterly earnings topped estimates with earnings per share of $2.75 and revenue of $3.83 billion, showing a 20.3% increase compared to the previous year.
• Analyst ratings for Intuit are generally positive, with a consensus rating of "Moderate Buy" and an average target price of approximately $797.62.

The Manufacturers Life Insurance Company lessened its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,071 shares of the software maker's stock after selling 8,538 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Intuit worth $140,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decatur Capital Management Inc. boosted its stake in Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after buying an additional 16 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Intuit by 18.4% during the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after buying an additional 18 shares in the last quarter. Chris Bulman Inc boosted its holdings in Intuit by 1.2% during the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after buying an additional 18 shares in the last quarter. Cascade Investment Group Inc. boosted its holdings in Intuit by 0.8% during the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock worth $1,482,000 after buying an additional 18 shares in the last quarter. Finally, Kolinsky Wealth Management LLC boosted its stake in shares of Intuit by 1.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after acquiring an additional 19 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director directly owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,488 shares of company stock worth $56,356,595. 2.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INTU shares. Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Citigroup decreased their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Evercore ISI raised their target price on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Intuit Stock Up 1.0%

NASDAQ INTU traded up $6.69 during trading on Wednesday, reaching $668.68. The company's stock had a trading volume of 1,975,841 shares, compared to its average volume of 1,818,329. 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 stock has a market capitalization of $186.53 billion, a PE ratio of 48.67, a PEG ratio of 2.57 and a beta of 1.26. The business has a 50-day moving average price of $743.45 and a 200-day moving average price of $678.79. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $1.99 EPS. Intuit's quarterly revenue 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. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

Intuit Profile

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.