Prana Capital Management LP Increases Holdings in Intuit Inc. $INTU

Prana Capital Management LP boosted its stake in Intuit Inc. (NASDAQ:INTU) by 2,015.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,121 shares of the software maker’s stock after purchasing an additional 69,665 shares during the period. Intuit makes up about 1.7% of Prana Capital Management LP’s investment portfolio, making the stock its 20th biggest holding. Prana Capital Management LP’s holdings in Intuit were worth $49,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. NEOS Investment Management LLC grew its holdings in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its holdings in Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new position in Intuit in the 3rd quarter worth $1,465,000. Crossmark Global Holdings Inc. boosted its position in Intuit by 15.8% in the 3rd 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 during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after buying an additional 10,661 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of INTU stock opened at $459.28 on Wednesday. The stock has a market capitalization of $127.01 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.82 and a beta of 1.26. Intuit Inc. has a one year low of $349.00 and a one year high of $813.70. The company’s 50-day simple moving average is $474.92 and its 200-day simple moving average is $596.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last announced 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. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $3.32 earnings per share. Intuit’s quarterly 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. Equities analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, April 9th. Intuit’s payout ratio is 31.09%.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is currently owned by insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management paused preset insider stock sales and accelerated its share‑repurchase program, signaling the company thinks the stock is undervalued and returning capital to shareholders. Intuit Halts Insider Sales, Accelerates Share Repurchase Program
• Positive Sentiment: Multiple analysts and buy ratings (and several $500–$700 price targets) continue to support a bullish case, giving investors conviction that Intuit’s growth and AI integration could drive a rebound. Intuit Stock (INTU) Opinions on Accelerated Share Buybacks
• Neutral Sentiment: Intuit publicly pushed back on AI-disruption fears, arguing customers pay for “confidence” and regulatory/data moats make its tax and small‑business products less vulnerable to pure AI substitutes. This is a narrative defense but may take time to change market perception. Why Intuit says it is insulated from AI disruption
• Negative Sentiment: A new federal bill, the Direct File Act (S.3948), would establish a free government-run direct tax‑filing system; if enacted and adopted by states, it could materially reduce TurboTax revenues and pressure pricing. This represents a clear regulatory/competitive risk to Intuit’s tax segment. New Bill: Senator Elizabeth Warren introduces S. 3948: Direct File Act of 2026
• Negative Sentiment: Third‑party migration efforts (Xendoo/Xero) are ramping up tools to move customers off QuickBooks as Intuit sunsets legacy desktop products — an immediate competitive headwind for retention and SMB wallet share. Q2X, Powered by Xendoo, Selected as Xero’s Preferred Migration Partner as Demand Surges for QuickBooks Alternative
• Negative Sentiment: Credit-market stress in the software sector — with debt investors trimming software exposure — highlights broader sentiment and funding risks that could amplify volatility for software stocks including Intuit if AI concerns persist. Analysis-Debt investors offloading exposure to software companies is latest sign of pain

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INTU shares. Mizuho dropped their target price on Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Evercore reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Daiwa Securities Group lowered their price objective on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wells Fargo & Company dropped their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Finally, KeyCorp cut their target price on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.06.

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.