Clearbridge Investments LLC Sells 85,311 Shares of Intuit Inc. $INTU

Clearbridge Investments LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,196,536 shares of the software maker’s stock after selling 85,311 shares during the period. Clearbridge Investments LLC owned about 0.43% of Intuit worth $792,610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. GW&K Investment Management LLC lifted its stake in shares of Intuit by 8.6% during the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Cannell & Spears LLC lifted its stake in shares of Intuit by 0.4% during the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after buying an additional 16 shares in the last quarter. Betterment LLC lifted its stake in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares in the last quarter. Crawford Investment Counsel Inc. lifted its stake in shares of Intuit by 4.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after buying an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its stake in shares of Intuit by 0.4% during the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after buying an additional 17 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Intuit Stock Down 1.7%

Shares of NASDAQ:INTU opened at $296.76 on Friday. The firm has a fifty day moving average price of $377.58 and a two-hundred day moving average price of $486.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a one year low of $293.67 and a one year high of $813.70. The company has a market cap of $81.18 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.09 and a beta of 0.98.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results 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 firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm earned $11.65 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Analyst Ratings Changes

INTU has been the topic of a number of recent research reports. Guggenheim set a $633.00 price target on shares of Intuit in a research note on Monday, March 16th. Oppenheimer dropped their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note 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 on the stock in a research note on Thursday, May 21st. BNP Paribas Exane dropped their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $514.58.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.49% of the stock is owned by company insiders.

Intuit 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.