Intuit Inc. $INTU Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 28.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,133 shares of the software maker’s stock after selling 2,027 shares during the period. GAMMA Investing LLC’s holdings in Intuit were worth $1,340,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Intuit in the 4th quarter worth approximately $3,058,407,000. Arrowstreet Capital Limited Partnership increased its stake in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter valued at approximately $785,564,000. Amundi raised its holdings in shares of Intuit by 44.9% in the first quarter. Amundi now owns 1,563,158 shares of the software maker’s stock worth $675,878,000 after buying an additional 484,602 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Intuit by 20.3% in 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 buying an additional 471,451 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 1.8%

NASDAQ:INTU opened at $321.91 on Friday. The firm has a market capitalization of $88.05 billion, a P/E ratio of 19.50, a PEG ratio of 1.03 and a beta of 0.97. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $786.28. The company’s fifty day moving average price is $289.94 and its 200-day moving average price is $373.39. 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 (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $11.65 earnings per share. 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 anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were paid a dividend of $1.20 per share. The ex-dividend date 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 (DPR) is presently 29.07%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INTU. The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $519.00 to $276.00 in a report on Tuesday, June 2nd. Argus reduced their target price on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Citigroup lowered their price target on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. TD Cowen downgraded Intuit from a “buy” rating to a “hold” rating and dropped their price target for the company from $504.00 to $304.00 in a research note on Tuesday, July 28th. Finally, Barclays cut their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $460.45.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman is making its AI-native Intuit Enterprise Suite available to middle-market clients. The partnership supports Intuit’s expansion beyond small-business accounting and could help drive adoption of its enterprise financial-management platform. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Truist reaffirmed its Hold rating after previously citing a soft near-term growth outlook. The stance suggests valuation and longer-term prospects may be balanced by concerns about slowing momentum in the company’s core businesses. Intuit cut to Hold at Truist amid soft near-term growth outlook
• Negative Sentiment: Multiple law firms publicized a securities class action filed against Intuit and certain officers, covering investors who purchased shares from August 22, 2025, through May 20, 2026. The allegations reportedly focus on whether Intuit adequately disclosed TurboTax competitive risks, pricing pressure, and the sustainability of AI-related growth. Repeated notices increase the visibility of potential litigation, legal costs, and reputational risk, although the claims remain allegations. Investors have until September 8, 2026, to seek lead-plaintiff status. Pomerantz Class Action Announcement
• Negative Sentiment: Intuit shares also faced sector-wide pressure after Figma reported sharply higher AI-related research and operating expenses. The development raised investor concerns that AI investment could weigh on margins and earnings across software companies, including Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

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.