D.A. Davidson & CO. Acquires 2,825 Shares of Intuit Inc. $INTU

D.A. Davidson & CO. grew its holdings in Intuit Inc. (NASDAQ:INTU) by 26.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,516 shares of the software maker’s stock after purchasing an additional 2,825 shares during the period. D.A. Davidson & CO.’s holdings in Intuit were worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Betterment LLC boosted its stake in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the period. Value Partners Investments Inc. increased its stake in Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after buying an additional 17 shares during the period. Central Pacific Bank Trust Division increased its stake in Intuit by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker’s stock worth $2,399,000 after buying an additional 18 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Intuit by 2.4% during the 4th quarter. SeaCrest Wealth Management LLC now owns 764 shares of the software maker’s stock valued at $498,000 after buying an additional 18 shares in the last quarter. Finally, PFG Investments LLC lifted its holdings in Intuit by 2.0% during the 4th quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after buying an additional 18 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $94,592.68. Following the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last quarter. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Barclays dropped their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. BMO Capital Markets reduced their price objective on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Wells Fargo & Company decreased their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $490.39.

Intuit Trading Down 1.3%

NASDAQ:INTU opened at $291.09 on Friday. The firm has a 50-day simple moving average of $303.20 and a 200-day simple moving average of $406.56. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The firm has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.07 and a beta of 1.00. 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 (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell
• Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
• Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers

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.