Waverly Advisors LLC Grows Stake in Intuit Inc. $INTU

Waverly Advisors LLC boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 16.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,891 shares of the software maker’s stock after purchasing an additional 2,965 shares during the quarter. Waverly Advisors LLC’s holdings in Intuit were worth $9,033,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTU. Norges Bank bought a new stake in Intuit in the 4th quarter worth approximately $3,058,407,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after acquiring an additional 1,972,719 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter valued at $785,564,000. Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Intuit by 172.1% in the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock worth $291,849,000 after purchasing an additional 426,952 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu acquired 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. Citigroup dropped their price target on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler started coverage on Intuit in a research report on Tuesday, July 14th. They set an “underweight” rating and a $250.00 price objective on the stock. Finally, Susquehanna decreased their price objective on Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research report on Monday, July 20th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $468.84.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is highlighted as an “AI winner” that uses artificial intelligence behind the scenes to reduce costs and improve operating efficiency rather than relying solely on AI product sales. The article also cites strong recent earnings and supportive analyst ratings. These 3 AI Winners Don’t Sell the Tech—They Use It
• Positive Sentiment: The stock’s outperformance in the latest session may have attracted additional momentum-focused buying. Intuit’s latest reported quarter included revenue growth of 10.4% year over year and earnings that exceeded analyst expectations, providing a fundamental backdrop for the advance. Intuit Rises Higher Than Market: Key Facts
• Neutral Sentiment: Multiple law firms reminded investors of September 8–9 deadlines to seek lead-plaintiff status in a securities class action covering purchases made from August 22, 2025, through May 20, 2026. These notices largely repeat existing allegations and do not represent a new company operating update. Rosen Securities Class Action Notice
• Negative Sentiment: The class action alleges that Intuit made material misstatements or omissions about the strength of its tax-related business and TurboTax growth outlook. The litigation follows a sharp prior stock decline and could create legal costs, reputational risk and continued investor uncertainty. Intuit Class Action Lawsuit Notice
• Negative Sentiment: An investment-fund review says Intuit has lost investor appeal because of concerns about AI disruption and future earnings, signaling that valuation and competitive-growth risks remain overhangs despite the recent rebound. Intuit Lost Appeal on AI Disruption and Earnings Concerns

Intuit Trading Up 2.6%

Shares of NASDAQ INTU opened at $303.91 on Tuesday. 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 business’s 50 day moving average price is $291.65 and its 200-day moving average price is $389.50. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70. The company has a market cap of $83.13 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.09 and a beta of 1.00.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $11.65 EPS. 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, sell-side analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s payout ratio is currently 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.