Intuit Inc. $INTU Position Reduced by Man Group plc

Man Group plc decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 227,295 shares of the software maker’s stock after selling 38,368 shares during the quarter. Man Group plc’s holdings in Intuit were worth $150,565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Joseph Group Capital Management bought a new position in shares of Intuit in the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit in the third quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Finally, Steph & Co. increased its holdings in shares of Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after buying an additional 45 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 955 shares of company stock worth $273,855. Corporate insiders own 2.49% of the company’s stock.

Intuit Trading Down 4.2%

NASDAQ INTU opened at $269.08 on Thursday. Intuit Inc. has a twelve month low of $268.01 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $73.60 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.03 and a beta of 0.98. The firm’s 50 day moving average price is $354.99 and its two-hundred day moving average price is $465.17.

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

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Analysts Set New Price Targets

INTU has been the topic of several research reports. TD Cowen dropped their price target on Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. HSBC dropped their price target on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Finally, Susquehanna dropped their price target on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a report on Friday, May 22nd. Twenty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $511.35.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit selected Mother New York as its creative-strategic agency partner, aiming to sharpen its positioning as a growth-oriented business solution. Intuit Selects Mother New York As Creative-Strategic Agency Partner
• Positive Sentiment: Intuit named company veteran Tyler Cozzens as its new general counsel, a move that may reassure investors on continuity in legal and governance leadership. Intuit Names Company Veteran Tyler Cozzens as New General Counsel, Succeeding Kerry McLean
• Neutral Sentiment: QuickBooks Premier is being promoted on sale, which is standard product marketing and not a major stock-moving catalyst on its own. Inventory, invoices, reports, and cash flow — QuickBooks Premier is on sale for $399.99
• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, warning that AI could erode TurboTax revenue over time and raising concerns about the company’s long-term growth outlook. Goldman Sachs Downgrades Intuit (INTU) to Sell and Says AI Could Gut TurboTax Revenue by 2030
• Negative Sentiment: Intuit is also facing investor lawsuits and fraud-related investigations tied to pricing issues, adding legal overhang and sentiment pressure on the stock. $INTU Fraud Notice: BFA Law is Investigating Intuit for Securities Fraud over its Pricing Issues – Investors with Losses Notified to Contact the Firm

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.