Intuit Inc. $INTU Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 73.7% in the first quarter, HoldingsChannel reports. The firm owned 26,280 shares of the software maker’s stock after selling 73,499 shares during the period. NewEdge Advisors LLC’s holdings in Intuit were worth $11,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Betterment LLC raised its holdings in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the last quarter. PFG Investments LLC grew its holdings in Intuit by 2.0% in the 4th quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock worth $606,000 after buying an additional 18 shares in the last quarter. One Capital Management LLC grew its holdings in Intuit by 2.7% in the 3rd quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after buying an additional 18 shares in the last quarter. Quadcap Wealth Management LLC increased its position in Intuit by 1.0% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after acquiring an additional 18 shares during the period. Finally, Clear Creek Financial Management LLC raised its stake in Intuit by 2.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 774 shares of the software maker’s stock valued at $513,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BNP Paribas Exane reduced their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group cut their price objective on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Argus reduced their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Northcoast Research decreased their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Piper Sandler started coverage on shares of Intuit in a research note on Tuesday, July 14th. They set an “underweight” rating and a $250.00 target price on the stock. Twenty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $462.39.

Intuit Stock Up 6.4%

Shares of INTU stock opened at $333.13 on Thursday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $813.70. The stock has a market cap of $91.12 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. The business’s fifty day moving average is $288.91 and its 200-day moving average is $384.87. 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 posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities analysts expect that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest reported quarter showed resilient financial performance: revenue rose 10.4% year over year to $8.56 billion and adjusted earnings of $12.80 per share exceeded consensus estimates. Management maintained fiscal 2026 guidance, which may be supporting the rebound. Intuit investor attention article
• Neutral Sentiment: Intuit is attracting elevated investor attention, but the Zacks article does not identify a new fundamental catalyst. Broader U.S. equities were also weaker ahead of the Federal Reserve’s policy decision and major technology earnings, creating a mixed market backdrop for INTU. Equities lower ahead of Fed decision article
• Negative Sentiment: TD Cowen downgraded Intuit to Hold from Buy, citing a near-term catalyst path that appears more negative than positive and could limit a recovery in the shares. The downgrade reinforces concerns that lowered TurboTax growth guidance may continue to weigh on valuation. TD Cowen Intuit downgrade article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit against Intuit and certain officers. The allegations claim the company overstated the strength and sustainability of its tax-related operations, particularly TurboTax, while failing to disclose customer losses, competitive pressure and pricing challenges. Investors who purchased securities between August 22, 2025, and May 20, 2026, have until September 8, 2026, to seek lead-plaintiff status. These announcements increase headline, legal and reputational risk, although the allegations have not been proven. Intuit class action lawsuit article

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last three months. 2.49% of the stock is owned by corporate insiders.

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.