First Long Island Investors LLC Raises Position in Intuit Inc. $INTU

First Long Island Investors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 91.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,341 shares of the software maker’s stock after buying an additional 14,037 shares during the quarter. Intuit accounts for 1.5% of First Long Island Investors LLC’s portfolio, making the stock its 28th largest position. First Long Island Investors LLC’s holdings in Intuit were worth $20,037,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC increased its holdings in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the 2nd quarter worth about $28,000. True Wealth Design LLC lifted its stake in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Finally, MTM Investment Management LLC boosted its holdings in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTU. Mizuho set a $675.00 price objective on shares of Intuit in a report on Thursday, February 19th. TD Cowen lowered their price target on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a report on Monday, February 9th. JPMorgan Chase & Co. dropped their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday. KeyCorp lowered their target price on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Wells Fargo & Company cut their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Twenty-three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $660.07.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a multi‑year partnership with Anthropic to build custom, secure AI agents for mid‑market and small businesses — a strategic move to productize AI across QuickBooks/TurboTax workflows that supports Intuit’s long‑term growth thesis. Intuit Anthropic AI Pact Tests Growth Story For Mid Market Investors
• Neutral Sentiment: Intuit’s Q2 FY2026 results and guidance beat estimates (reported Feb 26); the earnings call summary reiterates strong revenue growth and raised visibility on margins — fundamentals that support the valuation even as sentiment weakens. Intuit Inc. Q2 2026 Earnings Call Summary
• Neutral Sentiment: Commentators (including Jim Cramer) have highlighted why INTU was trading lower, noting short‑term sentiment and sector concerns rather than fresh fundamental misses — useful context but not a direct catalyst. Jim Cramer Explains Why Intuit Was “Trading Lower”
• Negative Sentiment: Short interest in INTU rose ~40%, signaling increased bearish positioning that can amplify downside pressure and volatility. Short Interest in Intuit Inc. (NASDAQ:INTU) Rises By 40.0%
• Negative Sentiment: Oppenheimer cut its price target to $558 (from $696), citing AI competitive concerns despite keeping an Outperform rating — indicates growing analyst wariness around AI risk to Intuit’s TAM. Oppenheimer Cuts Intuit (NASDAQ:INTU) Price Target to $558.00
• Negative Sentiment: Royal Bank of Canada trimmed its price target to $600, reflecting more conservative upside expectations. Royal Bank Of Canada Cuts Intuit (NASDAQ:INTU) Price Target to $600.00
• Negative Sentiment: BMO Capital Markets lowered its target to $550. BMO Capital Markets Cuts Intuit (NASDAQ:INTU) Price Target to $550.00
• Negative Sentiment: Stifel cut its target to $500. Stifel Nicolaus Cuts Intuit (NASDAQ:INTU) Price Target to $500.00
• Negative Sentiment: UBS sharply lowered its target to $440 (from $725), signaling weaker near‑term upside expectations. UBS Group Cuts Intuit (NASDAQ:INTU) Price Target to $440.00
• Negative Sentiment: KeyCorp reduced its target to $520 but kept an Overweight stance, a sign of moderated optimism. KeyCorp Cuts Intuit (NASDAQ:INTU) Price Target to $520.00
• Negative Sentiment: JPMorgan trimmed its target to $605. JPMorgan Chase & Co. Cuts Intuit (NASDAQ:INTU) Price Target to $605.00
• Negative Sentiment: Deutsche Bank cut its target to $600 (maintaining a buy view in some reports), showing broad but not uniform analyst downgrades. Deutsche Bank Aktiengesellschaft Cuts Intuit (NASDAQ:INTU) Price Target to $600.00
• Negative Sentiment: Citigroup lowered its price target to $649, another cut in the cluster of downward revisions. Citigroup Cuts Intuit (NASDAQ:INTU) Price Target to $649.00

Intuit Trading Up 3.7%

Shares of INTU stock opened at $409.03 on Monday. The firm has a market capitalization of $113.82 billion, a PE ratio of 26.49, a PEG ratio of 1.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a fifty day simple moving average of $526.10 and a two-hundred day simple moving average of $616.73. Intuit Inc. has a 52-week low of $349.00 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company earned $3.32 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by insiders.

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.