Evanson Financial LLC Invests $588,000 in Intuit Inc. $INTU

Evanson Financial LLC acquired a new position in Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,253 shares of the software maker’s stock, valued at approximately $588,000.

Other institutional investors have also added to or reduced their stakes in the company. M.E. Allison & CO. Inc. increased its position in Intuit by 27.5% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,066 shares of the software maker’s stock valued at $278,000 after purchasing an additional 230 shares during the period. Balefire LLC acquired a new position in shares of Intuit in the 2nd quarter worth approximately $221,000. Grant Private Wealth Management Inc lifted its position in shares of Intuit by 0.9% in the 2nd quarter. Grant Private Wealth Management Inc now owns 4,234 shares of the software maker’s stock worth $1,105,000 after purchasing an additional 39 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of Intuit by 8.1% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,528 shares of the software maker’s stock valued at $399,000 after purchasing an additional 115 shares during the last quarter. Finally, Prota Financial LLC increased its position in shares of Intuit by 45.8% during the second quarter. Prota Financial LLC now owns 2,087 shares of the software maker’s stock worth $557,000 after buying an additional 656 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Wolfe Research reiterated an “outperform” rating and set a $400.00 price target on shares of Intuit in a report on Thursday, May 21st. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $580.00 to $335.00 in a research report on Tuesday, July 21st. Finally, Citigroup dropped their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $460.45.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman has made its AI-native Intuit Enterprise Suite available to clients. The partnership could support adoption of Intuit’s enterprise financial-management products among middle-market businesses and broaden growth beyond its traditional tax and small-business offerings. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Several law firms, including Rosen, Bronstein Gewirtz & Grossman, Robbins, Pomerantz and others, issued investor notices concerning a securities class action covering purchases made from August 22, 2025, through May 20, 2026. The notices largely repeat the same case and encourage investors to seek lead-plaintiff status by September 8, 2026; they do not represent separate confirmed judgments against Intuit. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Negative Sentiment: The lawsuit alleges that Intuit and certain executives misled investors about the sustainability and growth prospects of TurboTax and failed to adequately disclose rising competition and pricing pressure in its tax-related operations. If the claims gain traction, Intuit could face litigation costs, settlement exposure and reputational damage. Intuit Inc. Stockholders Have Rights
• Negative Sentiment: Intuit was also among software stocks pressured after Figma highlighted sharply higher artificial-intelligence investment costs. The sector development raises concerns about margin pressure and the return on AI spending, even though it is not specific to Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 338 shares of the business’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 completion of the sale, the director owned 12,326 shares in the company, valued at $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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by company insiders.

Intuit Stock Up 1.0%

Intuit stock opened at $325.25 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $762.48. The firm’s fifty day moving average is $289.81 and its 200 day moving average is $373.05. The company has a market capitalization of $88.97 billion, a PE ratio of 19.70, a PEG ratio of 1.02 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS 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 during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period last year, the company posted $11.65 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. 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 predict that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s 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.