Princeton Global Asset Management LLC Boosts Stake in Intuit Inc. $INTU

Princeton Global Asset Management LLC boosted its stake in Intuit Inc. (NASDAQ:INTU) by 95.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,305 shares of the software maker’s stock after acquiring an additional 6,502 shares during the period. Intuit makes up approximately 1.4% of Princeton Global Asset Management LLC’s portfolio, making the stock its 17th largest position. Princeton Global Asset Management LLC’s holdings in Intuit were worth $8,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit during the first quarter worth about $785,564,000. Winslow Capital Management LLC purchased a new position in shares of Intuit in the 2nd quarter worth about $782,677,000. Vanguard Group Inc. lifted its stake in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of Intuit by 575.4% in the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after purchasing an additional 751,027 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $422.48 on Friday. The company has a market cap of $116.84 billion, a PE ratio of 27.36, a P/E/G ratio of 1.70 and a beta of 1.21. Intuit Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The firm has a 50-day simple moving average of $436.66 and a 200 day simple moving average of $576.64. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion for 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%. Intuit’s revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.1%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 43,001 shares of company stock worth $27,798,928. 2.49% of the stock is owned by insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit topped estimates and provided upbeat multi-quarter guidance earlier this year, supporting fundamentals (revenue growth, margins and EPS guidance) that underpin long-term valuation.
• Positive Sentiment: Product traction — Intuit’s AI agents are seeing high repeat usage (85%), suggesting customer retention and monetization of AI features rather than simple displacement risk. Intuit’s AI agents hit 85% repeat usage
• Positive Sentiment: Risk management move — Intuit is piloting Qodo’s AI code-review/governance tools to protect software quality, security and compliance as it scales AI in development, which should reassure enterprise customers and investors focused on operational risk. Intuit Uses Qodo AI Governance To Address Software Quality And Investor Risk
• Positive Sentiment: Consumer engagement — seasonal and how-to coverage for TurboTax and QuickBooks highlights continued mainstream adoption and marketing tailwinds for Intuit’s core products. Make Money Moves This Tax Season With TurboTax
• Neutral Sentiment: Industry trend — articles about the rise of the “AI-powered CFO” point to structural demand for AI-enabled financial tools, a long-term tailwind for Intuit but not an immediate revenue guarantee. The Rise Of The AI-Powered CFO
• Neutral Sentiment: Analyst view vs. market fear — some Wall Street notes see ~37% upside in INTU, but they also flag investor anxiety that AI could compress software multiples; that dynamic is keeping volatility elevated. Intuit Stock (INTU): Wall Street Sees 37% Upside, But Are AI Fears Over?
• Negative Sentiment: Broader AI-for-software concern — analysts and commentators warn that AI could depress valuations and slow deal activity in the software sector, a macro headwind that has contributed to INTU’s YTD decline and could keep near-term sentiment weak. ’You can’t vibe code’ an AI replacement for mission-critical software: analyst

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Intuit in a research report on Monday, March 16th. Truist Financial initiated coverage on shares of Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. Royal Bank Of Canada decreased their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Argus lowered their price target on Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $638.06.

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.