Intuit Inc. $INTU Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 29.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,620 shares of the software maker’s stock after selling 14,973 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Intuit were worth $24,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. Vanguard Group Inc. boosted its stake in Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after buying an additional 296,448 shares in the last quarter. State Street Corp boosted its position in shares of Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after purchasing an additional 180,069 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares during the last quarter. Morgan Stanley grew its stake in shares of Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after purchasing an additional 60,910 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Intuit in the 4th quarter worth approximately $3,058,407,000. 83.66% of the stock is owned by institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target to $275 from $375, saying investors may need to brace for a lower long-term growth outlook as Intuit shifts toward more value-based pricing. Article: Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Multiple reports say the stock has been hit by AI-related fears and broader skepticism around Intuit’s growth trajectory, adding to selling pressure. Article: Intuit Stock (INTU) Is Downgraded on Growth Concerns
• Neutral Sentiment: Intuit reported a strong quarter last month, beating earnings and revenue estimates and raising FY 2026 guidance, but that positive backdrop is being overshadowed by current valuation and growth worries.
• Neutral Sentiment: One supportive note is that Credit Karma continues to grow, with revenue up 15% to $631 million, which could help offset some concerns about the company’s overall growth mix. Article: Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Negative Sentiment: Investor sentiment may also be dampened by a securities-fraud investigation notice and insider selling headlines, though the director sale was small and part of a pre-arranged trading plan. Article: Investor Alert: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU

Intuit Trading Down 0.8%

NASDAQ INTU opened at $267.00 on Friday. Intuit Inc. has a twelve month low of $259.23 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.99 and a beta of 0.98. The firm’s 50 day moving average price is $352.12 and its two-hundred day moving average price is $462.59.

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 the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business 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 analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total transaction of $80,144.80. Following the completion of the sale, the director directly owned 12,042 shares of the company’s stock, valued at $3,398,252.40. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 955 shares of company stock valued at $273,855. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTU. JPMorgan Chase & Co. reduced their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Evercore decreased their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut 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. Argus reduced their target price on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, HSBC decreased their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $511.35.

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.