Intuit Inc. $INTU Position Cut by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 43.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,858 shares of the software maker’s stock after selling 19,487 shares during the quarter. Wealthfront Advisers LLC’s holdings in Intuit were worth $10,748,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the 1st quarter worth about $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after purchasing an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its position in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.3%

Intuit stock opened at $291.09 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The stock has a market cap of $79.62 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.08 and a beta of 1.00. The company’s 50-day moving average price is $303.20 and its two-hundred day moving average price is $406.56. 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 (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit’s payout ratio is presently 29.07%.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell
• Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
• Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the purchase, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup decreased their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a report on Thursday, May 21st. TD Cowen lowered their target price on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, Evercore reduced their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $490.39.

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.