Oppenheimer Asset Management Inc. Invests $6.95 Million in Intuit Inc. $INTU

Oppenheimer Asset Management Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTUFree Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 26,626 shares of the software maker’s stock, valued at approximately $6,949,000.

Several other institutional investors have also added to or reduced their stakes in INTU. Rakuten Investment Management Inc. grew its position in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after buying an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $1,848,954,000 after acquiring an additional 471,451 shares during the period. Vestcor Inc raised its holdings in Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after acquiring an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after acquiring an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Intuit by 13.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial reissued a “hold” rating and set a $350.00 target price (down from $410.00) on shares of Intuit in a report on Monday, August 3rd. Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. UBS Group cut their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Piper Sandler started coverage on shares of Intuit in a research note on Tuesday, July 14th. They set an “underweight” rating and a $250.00 price objective on the stock. Finally, Argus decreased their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $456.90.

View Our Latest Analysis on INTU

Insider Activity

In related news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Intuit Trading Down 3.5%

Shares of INTU stock opened at $345.66 on Friday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $721.54. The stock’s fifty day moving average price is $292.28 and its two-hundred day moving average price is $366.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $94.55 billion, a PE ratio of 20.94, a P/E/G ratio of 1.09 and a beta of 0.97.

Intuit (NASDAQ:INTUGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping 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 company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the firm earned $11.65 EPS. Intuit’s 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. Equities analysts predict that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Intuit’s 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.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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