Burling Wealth Partners LLC Has $2.55 Million Holdings in Intuit Inc. $INTU

Posted by Stanley Muller on Jul 21st, 2026

Burling Wealth Partners LLC lessened its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 34.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,906 shares of the software maker’s stock after selling 3,159 shares during the quarter. Burling Wealth Partners LLC’s holdings in Intuit were worth $2,554,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC raised its position in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Intuit in the 1st quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC bought a new position in Intuit during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore reduced their price target on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Piper Sandler initiated coverage on shares of Intuit in a report on Tuesday, July 14th. They issued an “underweight” rating and a $250.00 price target for the company. Citigroup lowered their price objective 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. Finally, Morgan Stanley downgraded Intuit from an “overweight” rating to an “underweight” rating in a research note on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $486.42.

View Our Latest Research Report on INTU

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the purchase, 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. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

Negative Sentiment: Several law firms issued fresh reminders about the pending class action and September 8 lead plaintiff deadline, highlighting ongoing litigation risk for Intuit investors. Article Title
Negative Sentiment: New notices from Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, Robbins LLP, and BFA Law reinforce that a securities fraud lawsuit has already been filed against Intuit. Article Title
Negative Sentiment: One report says Intuit was accused of misrepresentations about pricing issues, adding to the legal overhang that may pressure the stock. Article Title
Neutral Sentiment: Analyst commentary noted TurboTax Live is performing well, while Intuit also plans to revamp DIY tax products with simpler offerings, better pricing, and expanded financial services to regain cost-conscious filers. Article Title
Neutral Sentiment: Susquehanna cut its price target on Intuit to $427 from $550 but kept a positive rating, which signals some caution but still implies upside from current levels.
Positive Sentiment: Several articles framed the recent decline in Intuit (INTU) as potentially overdone, suggesting some investors see the pullback as a buying opportunity. Article Title

Intuit Trading Up 0.9%

Shares of NASDAQ:INTU opened at $293.82 on Tuesday. The firm has a market cap of $80.37 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.07 and a beta of 1.00. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $813.70. The company’s fifty day simple moving average is $301.21 and its 200 day simple moving average is $402.03. 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 (NASDAQ:INTU – Get Free Report) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

About Intuit

(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.