Morningstar Investment Management LLC Has $675,000 Position in Intuit Inc. $INTU

Morningstar Investment Management LLC lowered its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 92.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,019 shares of the software maker’s stock after selling 12,389 shares during the quarter. Morningstar Investment Management LLC’s holdings in Intuit were worth $675,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. GW&K Investment Management LLC raised its position in shares of Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC raised its position in shares of Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after purchasing an additional 16 shares during the period. Betterment LLC raised its position in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the period. Crawford Investment Counsel Inc. raised its position in shares of Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the period. Finally, Value Partners Investments Inc. grew its holdings in shares of Intuit by 0.4% during the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

INTU stock opened at $319.94 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $401.25 and a two-hundred day moving average price of $506.95. The company has a market cap of $87.52 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.29 and a beta of 1.04. Intuit Inc. has a twelve month low of $302.36 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts anticipate that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Key Headlines 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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $400.00 price objective on shares of Intuit in a report on Thursday. Argus decreased their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer decreased their price objective on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Mizuho decreased their price objective on Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $546.29.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.49% of the stock is currently owned by corporate insiders.

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.