GAMMA Investing LLC Cuts Holdings in Intuit Inc. $INTU

GAMMA Investing LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 28.3% in the second quarter, HoldingsChannel reports. The fund owned 5,133 shares of the software maker’s stock after selling 2,027 shares during the quarter. GAMMA Investing LLC’s holdings in Intuit were worth $1,340,000 at the end of the most recent reporting period.

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

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman is making its AI-native Intuit Enterprise Suite available to middle-market clients. The partnership supports Intuit’s expansion beyond small-business accounting and could help drive adoption of its enterprise financial-management platform. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Truist reaffirmed its Hold rating after previously citing a soft near-term growth outlook. The stance suggests valuation and longer-term prospects may be balanced by concerns about slowing momentum in the company’s core businesses. Intuit cut to Hold at Truist amid soft near-term growth outlook
• Negative Sentiment: Multiple law firms publicized a securities class action filed against Intuit and certain officers, covering investors who purchased shares from August 22, 2025, through May 20, 2026. The allegations reportedly focus on whether Intuit adequately disclosed TurboTax competitive risks, pricing pressure, and the sustainability of AI-related growth. Repeated notices increase the visibility of potential litigation, legal costs, and reputational risk, although the claims remain allegations. Investors have until September 8, 2026, to seek lead-plaintiff status. Pomerantz Class Action Announcement
• Negative Sentiment: Intuit shares also faced sector-wide pressure after Figma reported sharply higher AI-related research and operating expenses. The development raised investor concerns that AI investment could weigh on margins and earnings across software companies, including Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 target price (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Northcoast Research reduced their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Rothschild & Co Redburn lowered their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Finally, Evercore cut their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $460.45.

Intuit Price Performance

Shares of NASDAQ INTU opened at $321.91 on Friday. The firm has a 50-day simple moving average of $289.94 and a 200-day simple moving average of $373.39. The stock has a market capitalization of $88.05 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $786.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm 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 for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $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 predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred 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 in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. 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.