Evelyn Partners Asset Management Ltd Has $6.62 Million Stock Holdings in Intuit Inc. $INTU

Evelyn Partners Asset Management Ltd grew its position in Intuit Inc. (NASDAQ:INTU) by 24.2% during the first quarter, HoldingsChannel reports. The firm owned 15,302 shares of the software maker’s stock after buying an additional 2,979 shares during the quarter. Intuit comprises approximately 1.6% of Evelyn Partners Asset Management Ltd’s holdings, making the stock its 25th biggest position. Evelyn Partners Asset Management Ltd’s holdings in Intuit were worth $6,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in Intuit in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit in the fourth quarter worth about $25,000. HHM Wealth Advisors LLC increased its stake in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the 1st quarter worth about $30,000. Finally, CrossGen Wealth LLC bought a new stake in Intuit during the 1st quarter valued at approximately $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on INTU. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore cut their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Piper Sandler began coverage on Intuit in a report on Tuesday, July 14th. They issued an “underweight” rating and a $250.00 price target for the company. Finally, Bank of America began coverage on Intuit in a research report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $468.84.

Intuit Stock Performance

Intuit stock opened at $303.91 on Tuesday. The firm has a market capitalization of $83.13 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a fifty day moving average price of $291.65 and a two-hundred day moving average price of $389.50. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating 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 firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business earned $11.65 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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, analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors 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 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Trending Headlines about Intuit

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

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction 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 completion of the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Intuit Company 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.