3,290 Shares in Intuit Inc. $INTU Bought by Demars Financial Group LLC

Demars Financial Group LLC purchased a new stake in Intuit Inc. (NASDAQ:INTU) during the 1st quarter, HoldingsChannel reports. The firm purchased 3,290 shares of the software maker’s stock, valued at approximately $1,423,000. Intuit comprises approximately 0.5% of Demars Financial Group LLC’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Personal CFO Solutions LLC raised its holdings in Intuit by 15.7% in the 1st quarter. Personal CFO Solutions LLC now owns 3,105 shares of the software maker’s stock worth $1,343,000 after purchasing an additional 422 shares in the last quarter. Nichols & Pratt Advisers LLP MA lifted its position in shares of Intuit by 0.5% in the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 51,074 shares of the software maker’s stock worth $22,083,000 after purchasing an additional 272 shares during the period. Impact Investors Inc boosted its stake in shares of Intuit by 11.0% during the 1st quarter. Impact Investors Inc now owns 838 shares of the software maker’s stock valued at $362,000 after purchasing an additional 83 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of Intuit by 85.0% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 14,841 shares of the software maker’s stock valued at $6,417,000 after purchasing an additional 6,819 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its position in shares of Intuit by 85.8% during the first quarter. Jackson Thornton Wealth Management LLC now owns 600 shares of the software maker’s stock valued at $259,000 after buying an additional 277 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rothschild & Co Redburn decreased their price target on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Barclays cut their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and set a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Citigroup decreased their target price on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Twenty-two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $498.40.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some analysts still see significant upside in Intuit, with the stock maintaining a consensus Buy rating and a median 12-month target around $446.50. Stifel and Goldman Cut Intuit (INTU) Ratings
• Positive Sentiment: Several bullish commentary pieces argue INTU looks undervalued after its recent selloff and that AI fears may be overdone, suggesting the stock could be forming a bottom. Intuit: Signs Of A Bottom, Shares Way Too Cheap As The AI Trade Wobbles
• Positive Sentiment: Recent coverage says investors have rotated back into beaten-down software names, helping support a rebound in Intuit and peers. Atlassian and Intuit Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Intuit CFO Sandeep Aujla was highlighted in an interview, but the item did not include new financial guidance or material business updates. Intuit CFO Sandeep Aujla on the power of possibility
• Neutral Sentiment: Articles noted that QuickBooks Desktop retirement could benefit some bookkeeping firms, though this is more of an industry transition than a direct catalyst for Intuit shares. Remote Quality Bookkeeping Expands with New Massachusetts Office as Small Businesses Face QuickBooks Desktop Retirement
• Negative Sentiment: Stifel and Goldman cutting ratings likely added to near-term selling pressure and reinforced investor caution around Intuit’s valuation. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Some analysis argues that growth in a key flagship product has cooled and that management is shifting the growth narrative, which raises concerns about the durability of future expansion. The Done-For-You Silence That Reshapes The Intuit Stock Growth Story
• Negative Sentiment: Another article highlighted TurboTax headwinds as already priced into the stock, underscoring ongoing concern about Intuit’s core tax franchise. Intuit: TurboTax Headwinds Are Priced Into This Deep Value Stock
• Negative Sentiment: A securities-fraud investigation announcement added further downside sentiment after the stock’s sharp decline and may keep investor confidence subdued in the near term. INTU Investment Loss: Intuit Investors that Lost Money after Pricing Issues Disclosed are Notified to Contact BFA Law about its Securities Fraud Investigation

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction 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 owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,239 shares of company stock worth $348,354 in the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit Trading Down 3.2%

Shares of NASDAQ INTU opened at $272.10 on Thursday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50-day moving average of $318.96 and a 200 day moving average of $423.93. The stock has a market cap of $74.43 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the company earned $11.65 earnings per share. 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, sell-side analysts expect that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

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

About Intuit

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.