Royal London Asset Management Ltd. Decreases Stock Position in Intuit Inc. $INTU

Royal London Asset Management Ltd. lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 338,021 shares of the software maker’s stock after selling 4,200 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Intuit were worth $223,912,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GW&K Investment Management LLC boosted its holdings in 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 buying an additional 16 shares during the last quarter. Betterment LLC lifted its position in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares in the last quarter. Cannell & Spears LLC boosted its stake in shares of Intuit by 0.4% in the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in shares of Intuit by 4.7% in the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after acquiring an additional 17 shares during the last quarter. Finally, Value Partners Investments Inc. increased its position in shares of Intuit by 0.4% during the fourth 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. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 0.1%

Shares of INTU stock opened at $276.73 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 twelve month low of $268.01 and a twelve month high of $813.70. The company’s 50-day moving average price is $363.60 and its 200-day moving average price is $474.00. The stock has a market cap of $75.70 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.02 and a beta of 0.98.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Intuit’s dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

INTU has been the subject of several recent research reports. Northcoast Research decreased their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Mizuho dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Royal Bank Of Canada reduced their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Finally, Scotiabank set a $575.00 price target on shares of Intuit in a research report on Friday, March 6th. Twenty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $514.58.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit recently raised $1.75 billion through a senior notes offering, which strengthens liquidity and gives the company more financial flexibility. Intuit Raises $1.75 Billion Through Senior Notes Offering
• Positive Sentiment: Recent commentary points to solid underlying business trends, including 19% revenue growth in online business solutions, which supports the bull case after the stock’s sharp decline. 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 long-term growth story but is not likely to move the stock much in the near term. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Neutral Sentiment: Intuit’s Q3 2026 earnings call transcript attracted attention, but it does not appear to add materially new information beyond the recently reported results and guidance. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Negative Sentiment: Director Richard L. Dalzell sold shares in recent transactions, and while the trades were made under a 10b5-1 plan, insider selling can still weigh on sentiment. Richard L. Dalzell insider transactions
• Negative Sentiment: Multiple investor-alert and law-firm investigations into Intuit’s pricing practices and possible securities issues are creating legal overhang and may be pressuring the shares. Investor alert: Pomerantz investigates claims on behalf of investors of Intuit
• Negative Sentiment: Commentary also highlights investor concern about AI monetization and competitive disruption, reinforcing worries behind the recent weakness in INTU. Intuit slid amid market skepticism over AI monetization and disruption

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate 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.