Nuveen LLC Acquires 419,941 Shares of Intuit Inc. $INTU

Nuveen LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,465,130 shares of the software maker’s stock after buying an additional 419,941 shares during the period. Nuveen LLC’s holdings in Intuit were worth $1,632,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INTU. GW&K Investment Management LLC increased its stake in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares in the last quarter. Betterment LLC increased its stake in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares in the last quarter. Cannell & Spears LLC increased its stake in shares of Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after purchasing an additional 16 shares in the last quarter. Crawford Investment Counsel Inc. increased its stake in shares of Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. increased its stake in shares of Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of several analyst reports. Citigroup reduced their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. TD Cowen dropped their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday, May 21st. HSBC dropped their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Argus dropped their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, Evercore dropped their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $514.58.

Insider Buying and Selling

In related news, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.

Intuit Stock Down 2.6%

Shares of NASDAQ:INTU opened at $276.91 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12 month low of $273.27 and a 12 month high of $813.70. The company has a 50-day moving average price of $366.58 and a 200 day moving average price of $475.39. The company has a market cap of $75.75 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.04 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 analysts’ consensus estimates 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 quarter last year, the firm earned $11.65 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Intuit’s dividend payout ratio (DPR) is 29.07%.

More Intuit News

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

Intuit Company 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.