Rakuten Investment Management Inc. Increases Stake in Intuit Inc. $INTU

Posted by Stanley Muller on Jun 16th, 2026

Rakuten Investment Management Inc. raised its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 522.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,697 shares of the software maker’s stock after acquiring an additional 43,389 shares during the period. Rakuten Investment Management Inc.’s holdings in Intuit were worth $34,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its position in shares of Intuit by 8.6% in the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC boosted its position in shares of Intuit by 0.4% during 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. Betterment LLC boosted its position in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in shares of Intuit by 4.7% during 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. boosted 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 acquiring an additional 17 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, 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 transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INTU. Royal Bank Of Canada dropped 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. Citigroup dropped their target price on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Truist Financial dropped their target price on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Twenty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $514.58.

Check Out Our Latest Stock Report on Intuit

Intuit Price Performance

INTU stock opened at $281.77 on Tuesday. Intuit Inc. has a 52 week low of $268.01 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $360.78 and a two-hundred day simple moving average of $470.16. The firm has a market capitalization of $77.08 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating 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 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 business earned $11.65 earnings per share. Intuit’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. Analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm 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. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is 29.07%.

Intuit Profile

(Free Report)

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.