Cary Street Partners Financial LLC Increases Holdings in Intuit Inc. $INTU

Cary Street Partners Financial LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,412 shares of the software maker’s stock after purchasing an additional 2,111 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Intuit were worth $13,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter worth about $25,000. MTM Investment Management LLC grew its holdings in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit in the third quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. Finally, Steph & Co. boosted its stake in shares of Intuit by 346.2% in the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after acquiring an additional 45 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. Northcoast Research lowered their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. UBS Group cut their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Argus cut their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday. Finally, TD Cowen lowered their target price on Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.29.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts remain broadly bullish on Intuit, with several recent reports highlighting the stock as a buy and noting that its long-term growth story is still intact. Do Wall Street Analysts Like Intuit Stock?
• Positive Sentiment: Multiple articles pointed to Intuit’s strong growth profile, and analysts continue to view the company as attractive for both growth and value investors versus peers like Microsoft. 3 Reasons Why Growth Investors Shouldn’t Overlook Intuit (INTU)
• Positive Sentiment: TipRanks also listed Intuit among this week’s top analyst picks, reinforcing that Wall Street still sees upside from current levels. 3 Best Stocks to Buy This Week, According to Analysts – May 25-May 29
• Neutral Sentiment: Intuit’s latest quarter beat estimates and management raised full-year guidance, which should support the long-term thesis, but that good news was not enough to stop the stock from selling off. Why Intuit Stock Plummeted This Week
• Neutral Sentiment: Recent commentary suggests investors are still debating whether the post-earnings decline has created a buying opportunity or reflects deeper concerns about pricing pressure and tax-product competition. Intuit Stock (INTU) Opinions on Post-Earnings Stock Decline
• Negative Sentiment: A new shareholder investigation into possible misstatements about pricing issues adds legal overhang and could weigh on sentiment near term. $INTU Shareholder Announcement: Intuit may have Misled Investors about its Pricing Issues – Contact BFA Law about its Pending Investigation
• Negative Sentiment: Coverage over the weekend emphasized that Intuit has sharply underperformed the market despite better-than-expected earnings, suggesting investor skepticism remains high after the post-report drop. Why Intuit Stock Plummeted This Week

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Intuit Price Performance

Shares of NASDAQ INTU opened at $319.94 on Tuesday. The stock has a market cap of $87.52 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70. The business has a 50-day moving average price of $401.25 and a 200 day moving average price of $506.95.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm 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 research analysts forecast that Intuit Inc. will post 17.49 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.5%. Intuit’s dividend payout ratio is currently 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.