Intuit Inc. $INTU Shares Purchased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY raised its position in Intuit Inc. (NASDAQ:INTU) by 720.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,693 shares of the software maker’s stock after purchasing an additional 3,243 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Intuit were worth $1,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit in the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC grew its stake in Intuit by 75.0% during 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 in the last quarter. CrossGen Wealth LLC purchased a new stake in Intuit during the 1st quarter valued at about $32,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: INTU is benefiting from dip-buying after its steep decline, with investors stepping in near 52-week lows and supporting a bounce in the name.
• Positive Sentiment: Lower Treasury yields have boosted interest in software and other growth stocks, improving the backdrop for Intuit.
• Positive Sentiment: Intuit is set to highlight its rebuilt AI infrastructure at VB Transform 2026, reinforcing the company’s investment in scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Neutral Sentiment: Recent insider selling by Director Richard Dalzell was done under a pre-arranged trading plan, so it is not a strong signal by itself, but it can add to cautious sentiment when shares are already under pressure. Intuit director stock sale
• Negative Sentiment: Investor concerns increased after reports of pricing issues and a large stock drop led to a securities-fraud investigation notice, which could keep legal and reputational pressure on the stock. INTU Fraud Alert: Intuit Securities Fraud Investigation on behalf of Investors after Stock Drops 20% is Ongoing
• Negative Sentiment: Another law firm is also investigating claims on behalf of investors, adding to the legal overhang. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Analysts have been cutting price targets and at least one major firm downgraded the stock, with concerns that management may lower near- to medium-term growth guidance.
• Negative Sentiment: Reports of QuickBooks outages and ongoing scrutiny around TurboTax pricing and AI disruption concerns are adding uncertainty around Intuit’s business outlook. Is Intuit’s QuickBooks down? Business owners report issues; company responds widespread outages

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. 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 research note on Friday, May 22nd. BNP Paribas Exane reduced their price objective on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Oppenheimer lowered their price objective on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Barclays dropped their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, Daiwa Securities Group cut their target price on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Twenty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, 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 disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Down 0.2%

Shares of NASDAQ INTU opened at $267.15 on Monday. The company has a 50 day simple moving average of $338.90 and a 200-day simple moving average of $446.10. The company has a market capitalization of $73.08 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 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.