Twin Capital Management Inc. Sells 2,043 Shares of Intuit Inc. $INTU

Posted by Francis Steltz on Jul 16th, 2026

Twin Capital Management Inc. reduced its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 31.5% during the first quarter, HoldingsChannel.com reports. The fund owned 4,440 shares of the software maker’s stock after selling 2,043 shares during the quarter. Twin Capital Management Inc.’s holdings in Intuit were worth $1,920,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rakuten Investment Management Inc. raised its stake in shares of Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after acquiring an additional 43,389 shares during the period. Bank of New York Mellon Corp grew its holdings in Intuit by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Vestcor Inc raised its position in Intuit by 79.1% in the 4th 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 during the period. Janney Montgomery Scott LLC raised its position in Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after purchasing an additional 47,148 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in 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 during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% 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. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Zacks upgraded Intuit (INTU) to Rank #2 (Buy), citing improving earnings expectations and signaling near-term optimism that could help support the stock. Article Title
Positive Sentiment: Another Zacks piece highlighted Intuit’s solid growth profile, reinforcing the view that the company still has strong long-term fundamentals. Article Title
Positive Sentiment: Wall Street analyst sentiment remains broadly constructive, with the average brokerage recommendation for INTU still equivalent to a Buy. Article Title
Neutral Sentiment: A marketing-focused article about Intuit Mailchimp and Canva discussed partnership-style growth marketing themes, but it does not appear to carry a direct, immediate earnings impact for INTU. Article Title
Neutral Sentiment: Several comparison pieces on INTU vs. MSFT focus on valuation and relative attractiveness rather than a new company-specific catalyst. Article Title
Negative Sentiment: Multiple law firms announced or promoted class-action lawsuits and securities-fraud investigations tied to alleged misstatements about TurboTax growth and pricing issues, which is the biggest near-term drag on sentiment for Intuit. Article Title
Negative Sentiment: Piper Sandler reportedly initiated coverage with a sell-equivalent rating and a street-low price target, contributing to the stock’s decline. Article Title
Negative Sentiment: Earlier reports also said INTU was hit after market hours as legal and valuation concerns intensified, adding to the recent weakness. Article Title

Analyst Ratings Changes

A number of research firms have recently commented on INTU. Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Northcoast Research cut their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Susquehanna reduced their target price on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. Daiwa Securities Group cut their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, Wells Fargo & Company reduced their price target on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $490.39.

Check Out Our Latest Research Report on INTU

Intuit Price Performance

INTU opened at $279.70 on Thursday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $307.54 and its 200-day simple moving average is $410.07. The company has a market capitalization of $76.51 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.03 and a beta of 1.00.

Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the company posted $11.65 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders 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 annualized dividend and a dividend yield of 1.7%. Intuit’s payout ratio is currently 29.07%.

Intuit Company 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.