HBK Sorce Advisory LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,373 shares of the software maker’s stock, valued at approximately $778,000.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Intuit in the fourth quarter worth about $3,058,407,000. Bank of New York Mellon Corp purchased a new stake in shares of Intuit during the 2nd quarter valued at approximately $564,592,000. Arrowstreet Capital Limited Partnership boosted its holdings in Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the 1st quarter worth approximately $785,564,000. Finally, Amundi grew its stake in Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after buying an additional 484,602 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.
Intuit Price Performance
Shares of NASDAQ:INTU opened at $345.66 on Monday. The firm has a fifty day moving average price of $292.28 and a two-hundred day moving average price of $364.67. 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 Inc. has a one year low of $252.84 and a one year high of $721.54. The company has a market cap of $94.55 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.09 and a beta of 0.97.
Intuit Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.
Insider Transactions at Intuit
In other Intuit 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 transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on INTU shares. Barclays lowered their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company reduced their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Mizuho decreased their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. UBS Group dropped their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.90.
Get Our Latest Analysis on Intuit
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit expanded its Intuit Intelligence platform with conversational AI and additional capabilities for QuickBooks Online Advanced and Intuit Enterprise Suite. The initiative targets larger businesses, CFOs and accounting firms and could support growth beyond Intuit’s traditional small-business customer base. Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
- Positive Sentiment: Some recent analyst commentary remains bullish, arguing that Intuit’s core QuickBooks and online ecosystem remain resilient, while TurboTax monetization, Credit Karma synergies and AI adoption could help sustain double-digit growth. Upcoming fiscal-year 2027 guidance and management’s AI strategy are viewed as important catalysts. Intuit: Strong Fundamentals Amid AI Fears Make The Stock Attractive
- Neutral Sentiment: Options pricing implies a wide potential trading range rather than a clear directional signal, suggesting elevated uncertainty and the need for investors to manage position sizes carefully. Intuit’s Options Price A Floor Below Anything The Stock Has Touched In A Year
- Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers. The complaints allege that the company misled investors about the sustainability of business growth, particularly TurboTax, and failed to disclose competitive and pricing pressures in its tax operations. The allegations have not been proven. Investors in the August 22, 2025–May 20, 2026 class period have until September 8, 2026 to seek lead-plaintiff status. The repeated notices add legal and reputational overhang to the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
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.
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