Matrix Asset Advisors Inc. NY Raises Stock Position in Intuit Inc. $INTU

Matrix Asset Advisors Inc. NY boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 720.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,693 shares of the software maker’s stock after purchasing an additional 3,243 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Intuit were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Intuit by 114.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,166 shares of the software maker’s stock valued at $1,801,000 after buying an additional 2,220 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares during the last quarter. CrossGen Wealth LLC purchased a new stake in shares of Intuit in the first quarter worth about $32,000. Cornerstone Wealth Group LLC grew its holdings in Intuit by 17.2% during the first quarter. Cornerstone Wealth Group LLC now owns 8,954 shares of the software maker’s stock worth $3,625,000 after acquiring an additional 1,311 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its holdings in Intuit by 26.4% during the first quarter. Onyx Bridge Wealth Group LLC now owns 526 shares of the software maker’s stock worth $228,000 after acquiring an additional 110 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on INTU shares. UBS Group decreased their price target on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Argus cut their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Barclays decreased their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Evercore lowered their price target on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Jefferies Financial Group dropped their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-two 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $498.40.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: INTU is benefiting from dip-buying after its steep decline, with investors stepping in near 52-week lows and supporting a bounce in the name.
• Positive Sentiment: Lower Treasury yields have boosted interest in software and other growth stocks, improving the backdrop for Intuit.
• Positive Sentiment: Intuit is set to highlight its rebuilt AI infrastructure at VB Transform 2026, reinforcing the company’s investment in scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Neutral Sentiment: Recent insider selling by Director Richard Dalzell was done under a pre-arranged trading plan, so it is not a strong signal by itself, but it can add to cautious sentiment when shares are already under pressure. Intuit director stock sale
• Negative Sentiment: Investor concerns increased after reports of pricing issues and a large stock drop led to a securities-fraud investigation notice, which could keep legal and reputational pressure on the stock. INTU Fraud Alert: Intuit Securities Fraud Investigation on behalf of Investors after Stock Drops 20% is Ongoing
• Negative Sentiment: Another law firm is also investigating claims on behalf of investors, adding to the legal overhang. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Analysts have been cutting price targets and at least one major firm downgraded the stock, with concerns that management may lower near- to medium-term growth guidance.
• Negative Sentiment: Reports of QuickBooks outages and ongoing scrutiny around TurboTax pricing and AI disruption concerns are adding uncertainty around Intuit’s business outlook. Is Intuit’s QuickBooks down? Business owners report issues; company responds widespread outages

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of INTU stock opened at $267.15 on Monday. 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 Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The business’s 50 day moving average is $338.90 and its two-hundred day moving average is $446.10. The company has a market capitalization of $73.08 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business 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 expect that Intuit Inc. will post 18.19 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. Investors of record on Thursday, July 9th will be issued 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 payout ratio is presently 29.07%.

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.