Invesco Ltd. Sells 304,723 Shares of Intuit Inc. $INTU

Invesco Ltd. lessened its position in shares of Intuit Inc. (NASDAQ:INTU) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,452,448 shares of the software maker’s stock after selling 304,723 shares during the quarter. Invesco Ltd.’s holdings in Intuit were worth $2,286,970,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Intuit during the 4th quarter worth about $3,058,407,000. Alliancebernstein L.P. boosted its stake in shares of Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the 1st quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership grew its position in shares of Intuit by 36.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Intuit by 20.3% during 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 buying an additional 471,451 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.8%

Shares of NASDAQ INTU opened at $267.00 on Friday. Intuit Inc. has a 52-week low of $259.23 and a 52-week high of $813.70. 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 stock has a market cap of $73.04 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.99 and a beta of 0.98. The firm has a 50 day moving average price of $352.12 and a 200 day moving average price of $462.59.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for 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 business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, 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. Over the last quarter, insiders have sold 955 shares of company stock worth $273,855. Corporate insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target to $275 from $375, saying investors may need to brace for a lower long-term growth outlook as Intuit shifts toward more value-based pricing. Article: Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Multiple reports say the stock has been hit by AI-related fears and broader skepticism around Intuit’s growth trajectory, adding to selling pressure. Article: Intuit Stock (INTU) Is Downgraded on Growth Concerns
• Neutral Sentiment: Intuit reported a strong quarter last month, beating earnings and revenue estimates and raising FY 2026 guidance, but that positive backdrop is being overshadowed by current valuation and growth worries.
• Neutral Sentiment: One supportive note is that Credit Karma continues to grow, with revenue up 15% to $631 million, which could help offset some concerns about the company’s overall growth mix. Article: Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Negative Sentiment: Investor sentiment may also be dampened by a securities-fraud investigation notice and insider selling headlines, though the director sale was small and part of a pre-arranged trading plan. Article: Investor Alert: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU

Analyst Ratings Changes

A number of brokerages have issued reports on INTU. Royal Bank Of Canada reduced their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Stifel Nicolaus reiterated a “hold” rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research report on Wednesday. Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Argus dropped their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Twenty-three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $511.35.

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.