First Long Island Investors LLC Acquires 14,037 Shares of Intuit Inc. $INTU

First Long Island Investors LLC lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 91.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,341 shares of the software maker’s stock after acquiring an additional 14,037 shares during the period. Intuit accounts for approximately 1.5% of First Long Island Investors LLC’s holdings, making the stock its 28th biggest holding. First Long Island Investors LLC’s holdings in Intuit were worth $20,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC boosted its holdings in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. boosted its stake in Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the period. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter valued at $28,000. True Wealth Design LLC lifted its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Finally, MTM Investment Management LLC boosted its stake in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a multi‑year partnership with Anthropic to build custom, secure AI agents for mid‑market and small businesses — a strategic move to productize AI across QuickBooks/TurboTax workflows that supports Intuit’s long‑term growth thesis. Intuit Anthropic AI Pact Tests Growth Story For Mid Market Investors
• Neutral Sentiment: Intuit’s Q2 FY2026 results and guidance beat estimates (reported Feb 26); the earnings call summary reiterates strong revenue growth and raised visibility on margins — fundamentals that support the valuation even as sentiment weakens. Intuit Inc. Q2 2026 Earnings Call Summary
• Neutral Sentiment: Commentators (including Jim Cramer) have highlighted why INTU was trading lower, noting short‑term sentiment and sector concerns rather than fresh fundamental misses — useful context but not a direct catalyst. Jim Cramer Explains Why Intuit Was “Trading Lower”
• Negative Sentiment: Short interest in INTU rose ~40%, signaling increased bearish positioning that can amplify downside pressure and volatility. Short Interest in Intuit Inc. (NASDAQ:INTU) Rises By 40.0%
• Negative Sentiment: Oppenheimer cut its price target to $558 (from $696), citing AI competitive concerns despite keeping an Outperform rating — indicates growing analyst wariness around AI risk to Intuit’s TAM. Oppenheimer Cuts Intuit (NASDAQ:INTU) Price Target to $558.00
• Negative Sentiment: Royal Bank of Canada trimmed its price target to $600, reflecting more conservative upside expectations. Royal Bank Of Canada Cuts Intuit (NASDAQ:INTU) Price Target to $600.00
• Negative Sentiment: BMO Capital Markets lowered its target to $550. BMO Capital Markets Cuts Intuit (NASDAQ:INTU) Price Target to $550.00
• Negative Sentiment: Stifel cut its target to $500. Stifel Nicolaus Cuts Intuit (NASDAQ:INTU) Price Target to $500.00
• Negative Sentiment: UBS sharply lowered its target to $440 (from $725), signaling weaker near‑term upside expectations. UBS Group Cuts Intuit (NASDAQ:INTU) Price Target to $440.00
• Negative Sentiment: KeyCorp reduced its target to $520 but kept an Overweight stance, a sign of moderated optimism. KeyCorp Cuts Intuit (NASDAQ:INTU) Price Target to $520.00
• Negative Sentiment: JPMorgan trimmed its target to $605. JPMorgan Chase & Co. Cuts Intuit (NASDAQ:INTU) Price Target to $605.00
• Negative Sentiment: Deutsche Bank cut its target to $600 (maintaining a buy view in some reports), showing broad but not uniform analyst downgrades. Deutsche Bank Aktiengesellschaft Cuts Intuit (NASDAQ:INTU) Price Target to $600.00
• Negative Sentiment: Citigroup lowered its price target to $649, another cut in the cluster of downward revisions. Citigroup Cuts Intuit (NASDAQ:INTU) Price Target to $649.00

Analyst Upgrades and Downgrades

INTU has been the subject of several analyst reports. Evercore reissued an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. TD Cowen dropped their price objective on Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a report on Monday, February 9th. Stifel Nicolaus decreased their target price on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company cut their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Finally, BNP Paribas Exane lowered their price objective on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research report on Monday, February 23rd. Twenty-three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $660.07.

Intuit Stock Up 3.7%

Shares of Intuit stock opened at $409.03 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $113.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.67 and a beta of 1.27. The firm’s 50-day moving average is $526.10 and its two-hundred day moving average is $616.73. Intuit Inc. has a 1 year low of $349.00 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

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.