Keel Point LLC Has $326,000 Stock Holdings in Intuit Inc. $INTU

Keel Point LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 70.8% in the first quarter, HoldingsChannel reports. The firm owned 755 shares of the software maker’s stock after selling 1,828 shares during the period. Keel Point LLC’s holdings in Intuit were worth $326,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. boosted its position in Intuit by 522.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after buying an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after acquiring an additional 471,451 shares during the last quarter. Vestcor Inc raised its position in shares of Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after acquiring an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after acquiring an additional 47,148 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Stock Up 0.7%

Shares of Intuit stock opened at $318.39 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $794.09. The business has a fifty day simple moving average of $288.97 and a 200 day simple moving average of $378.27. The stock has a market cap of $87.09 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00.

Intuit (NASDAQ:INTU) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the firm posted $11.65 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. Intuit’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s strong history of exceeding earnings expectations and favorable analyst-estimate revisions suggest the company may beat consensus again in its next quarterly report. A potential earnings surprise could support the stock by reinforcing confidence in its growth and profitability. Why Intuit Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: A valuation-focused dividend-stock screen identified Intuit as trading at a significant discount to estimated intrinsic value. While not a direct company announcement, the report may encourage value-oriented investors to view the recent decline as a potential long-term buying opportunity. Top 25 High-Growth Dividend Stocks for August 2026
• Neutral Sentiment: Truist reaffirmed its “hold” rating but reduced its price target to $350 from $410. The revised target still implies potential upside from recent levels, but the substantial cut signals reduced confidence in Intuit’s near-term growth outlook.
• Neutral Sentiment: QuickBooks is offering its Workforce Payroll plan at a 90% discount for the first three months. The promotion could help attract and retain small-business customers, although heavy discounting may raise questions about pricing power and near-term revenue quality. QuickBooks Workforce Payroll Promotion
• Negative Sentiment: Fundsmith Equity Fund sold its Intuit position during the second quarter. The disposal adds to concerns about institutional confidence in Intuit’s growth trajectory, particularly amid broader pressure on high-quality software stocks. Why Fundsmith Sold Intuit
• Negative Sentiment: Several law firms are promoting a securities-fraud class action against Intuit and reminding investors of a September 8, 2026 lead-plaintiff deadline. The allegations center on claims that Intuit misrepresented TurboTax growth, pricing conditions, and competitive pressures. Although the notices do not establish wrongdoing, they add reputational, legal, and potential financial risks. Intuit Securities Fraud Class Action Notice

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTU. Daiwa Securities Group lowered their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Wells Fargo & Company cut their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Rothschild & Co Redburn reduced their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Bank of America began coverage on shares of Intuit in a research report on Wednesday, May 27th. They set a “buy” rating and a $400.00 price target for the company. Finally, Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $460.45.

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.