Argonautica Private Wealth Management Inc. Has $4.81 Million Holdings in Intuit Inc. $INTU

Argonautica Private Wealth Management Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 69.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,257 shares of the software maker’s stock after buying an additional 2,975 shares during the period. Intuit comprises about 1.4% of Argonautica Private Wealth Management Inc.’s holdings, making the stock its 18th largest position. Argonautica Private Wealth Management Inc.’s holdings in Intuit were worth $4,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of INTU. Norges Bank purchased a new position in shares of Intuit during the fourth quarter valued at approximately $3,058,407,000. Alliancebernstein L.P. boosted its position in shares of Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after buying an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the first quarter worth $785,564,000. Vanguard Group Inc. boosted its position in Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Intuit by 20.3% in the fourth 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 purchasing an additional 471,451 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
• Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
• Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
• Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
• Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INTU. Stifel Nicolaus lowered their price objective on Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Susquehanna lowered their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $519.00 to $276.00 in a research note on Tuesday. Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Rothschild & Co Redburn decreased their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty-four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $514.58.

Intuit Stock Down 1.7%

Shares of NASDAQ:INTU opened at $296.76 on Friday. Intuit Inc. has a 52-week low of $293.67 and a 52-week high of $813.70. The firm has a market capitalization of $81.18 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.11 and a beta of 0.98. The stock has a 50 day moving average price of $377.58 and a 200-day moving average price of $486.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $8.54 billion. During the same quarter in the prior year, the company earned $11.65 EPS. The business’s 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. As a group, equities research analysts anticipate 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 will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

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.