SteelPeak Wealth LLC Lowers Stake in Intuit Inc. $INTU

SteelPeak Wealth LLC lessened its stake in Intuit Inc. (NASDAQ:INTU) by 53.6% in the 1st quarter, Holdings Channel reports. The firm owned 11,587 shares of the software maker’s stock after selling 13,400 shares during the period. SteelPeak Wealth LLC’s holdings in Intuit were worth $5,010,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of Intuit in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. HHM Wealth Advisors LLC grew its position in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Intuit during the first quarter worth about $30,000. Finally, CrossGen Wealth LLC purchased a new stake in Intuit during the first quarter worth about $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Trading Up 5.4%

Shares of Intuit stock opened at $294.79 on Friday. The company has a fifty day simple moving average of $305.30 and a 200-day simple moving average of $407.38. The stock has a market cap of $80.64 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.02 and a beta of 1.00. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The business 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 company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Several law firms announced or promoted class-action lawsuits against Intuit over alleged securities-law violations during the period from Aug. 22, 2025 to May 20, 2026, with lead-plaintiff deadlines now approaching; this keeps legal overhang front and center for investors. Article Title
• Negative Sentiment: Analyst commentary referenced sharp reductions in sell-side price targets after Intuit cut TurboTax growth guidance, reinforcing concerns that near-term growth may be slowing and that expectations had been too high. Article Title
• Negative Sentiment: Additional investor alerts from multiple firms suggest more legal follow-through is likely, which can weigh on the stock as investors assess potential costs, distraction, and reputational damage. Article Title
• Neutral Sentiment: Some recent commentary remains constructive, with articles arguing Intuit still has strong cash generation and solid growth characteristics, which may help limit downside over time if execution stabilizes. Article Title
• Neutral Sentiment: Intuit also received a Zacks upgrade to Buy and broader bullish analyst coverage, but these positive views are being overshadowed in the near term by litigation risk and guidance concerns. Article Title

Analysts Set New Price Targets

INTU has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Erste Group Bank raised shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group dropped their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. KeyCorp reduced their price objective on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Evercore lowered their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $490.39.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,239 shares of company stock worth $348,354. Corporate 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.