Panagora Asset Management Inc. boosted its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 54.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 199,556 shares of the software maker’s stock after purchasing an additional 70,685 shares during the period. Panagora Asset Management Inc.’s holdings in Intuit were worth $132,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 471,451 shares in the last quarter. Vestcor Inc grew its stake in shares of Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after purchasing an additional 9,148 shares in the last quarter. NEOS Investment Management LLC grew its stake in shares of Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after purchasing an additional 6,999 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about 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
Analyst Ratings Changes
Check Out Our Latest Research Report on INTU
Intuit Stock Performance
NASDAQ:INTU opened at $276.73 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 1-year low of $268.01 and a 1-year high of $813.70. The firm has a market capitalization of $75.70 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock has a fifty day simple moving average of $363.60 and a 200 day simple moving average of $472.74.
Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company posted $11.65 EPS. Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.
Intuit Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Intuit’s dividend payout ratio (DPR) is 29.07%.
Insiders Place Their Bets
In related news, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.
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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