Flputnam Investment Management Co. Has $9.24 Million Position in Intuit Inc. $INTU

Flputnam Investment Management Co. boosted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 135.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,953 shares of the software maker’s stock after buying an additional 8,022 shares during the period. Flputnam Investment Management Co.’s holdings in Intuit were worth $9,243,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter worth $25,000. MTM Investment Management LLC boosted its stake in Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the third quarter worth $33,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after buying an additional 19 shares in the last quarter. Finally, Steph & Co. boosted its stake in Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America restarted coverage on Intuit with a Buy rating and $400 target, citing AI tailwinds, strong margins, and durable competitive positioning. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares, a potentially bullish insider signal after the stock’s steep decline. Article: SEC Form 4 filing
• Positive Sentiment: Analyst commentary continues to describe Intuit as a long-term value/growth opportunity, pointing to TurboTax strength, TurboTax Live momentum, and AI-driven product expansion. Article: TurboTax’s Strong FY26 Run
• Neutral Sentiment: Several firms lowered price targets after the recent pullback, but most still kept bullish ratings, suggesting the selloff may be more about valuation and short-term concerns than a collapse in fundamentals. Article: Daiwa Securities adjusts price target
• Negative Sentiment: Intuit is facing investor scrutiny over alleged pricing issues, with multiple law firms launching investigations that could add headline risk and pressure sentiment. Article: Intuit pricing issues investigation
• Negative Sentiment: The company’s mass-layoff notice in California and Nevada underscores a significant restructuring, which may worry investors even as management pursues an AI-focused turnaround. Article: Intuit files notice for mass layoffs

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Truist Financial lowered their target price on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Scotiabank set a $575.00 target price on shares of Intuit in a report on Friday, March 6th. Finally, Northcoast Research lowered their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus price target of $525.65.

Intuit Stock Up 1.1%

INTU opened at $307.73 on Thursday. The firm’s 50-day simple moving average is $395.64 and its 200-day simple moving average is $502.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a twelve month low of $300.50 and a twelve month high of $813.70. The firm has a market cap of $84.18 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.18 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. The business 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 firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company 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 research analysts anticipate that Intuit Inc. will post 17.49 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 given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit’s dividend payout ratio is 29.07%.

Insider Activity

In related news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is owned by corporate insiders.

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.