Beverly Hills Private Wealth LLC bought a new position in Intuit Inc. (NASDAQ:INTU – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,530 shares of the software maker’s stock, valued at approximately $399,000.
A number of other institutional investors also recently modified their holdings of INTU. Betterment LLC grew its stake in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares in the last quarter. PFG Investments LLC grew its position in shares of Intuit by 2.0% in the fourth quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after purchasing an additional 18 shares in the last quarter. One Capital Management LLC grew its position in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after purchasing an additional 18 shares in the last quarter. Quadcap Wealth Management LLC raised its stake in shares of Intuit by 1.0% during the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 18 shares during the period. Finally, United Asset Strategies Inc. raised its stake in shares of Intuit by 1.0% during the 4th quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock valued at $1,349,000 after purchasing an additional 20 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Price Performance
Intuit stock opened at $345.66 on Monday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $721.54. The business has a 50-day simple moving average of $292.28 and a 200 day simple moving average of $364.67. 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 stock has a market cap of $94.55 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.09 and a beta of 0.97.
Intuit Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.
Key Intuit News
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
Insider Buying and Selling
In related news, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director directly 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. 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. Insiders sold 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on INTU shares. Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $580.00 to $335.00 in a research note on Tuesday, July 21st. Mizuho decreased their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. TD Cowen increased their price target on shares of Intuit from $304.00 to $328.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Daiwa Securities Group cut their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $456.90.
Check Out Our Latest Research Report on Intuit
Intuit Profile
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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