Envestnet Portfolio Solutions Inc. Has $20.98 Million Stock Position in Intuit Inc. $INTU

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 37.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,726 shares of the software maker’s stock after buying an additional 8,291 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Intuit were worth $20,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Norges Bank acquired a new position in shares of Intuit during the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC acquired a new position in shares of Intuit in the second quarter valued at $782,677,000. Swedbank AB raised its position in shares of Intuit by 575.4% in the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after purchasing an additional 751,027 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Intuit by 520.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock worth $381,405,000 after buying an additional 468,547 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $547.69 on Friday. The stock has a market capitalization of $152.41 billion, a PE ratio of 37.44, a P/E/G ratio of 2.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $639.19 and a two-hundred day moving average price of $678.06. Intuit Inc. has a fifty-two week low of $520.69 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $2.50 EPS. Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This represents a 71.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last quarter. 2.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on INTU shares. UBS Group set a $739.00 price target on shares of Intuit in a research note on Tuesday, January 6th. Wolfe Research decreased their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. The Goldman Sachs Group started coverage on Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 target price on the stock. Evercore ISI restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Finally, Truist Financial began coverage on Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $794.62.

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.