Intuit Inc. $INTU Holdings Increased by Triad Investment Management

Triad Investment Management grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 61.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,138 shares of the software maker’s stock after buying an additional 2,345 shares during the quarter. Intuit comprises 2.9% of Triad Investment Management’s holdings, making the stock its 15th biggest position. Triad Investment Management’s holdings in Intuit were worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Joseph Group Capital Management bought a new stake in Intuit during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit in the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Intuit in the fourth quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Several articles still highlight Intuit as a long-term growth and value name, with analysts and market commentary pointing to strong franchise quality and upside potential after the recent selloff. Why Intuit (INTU) is a Top Growth Stock for the Long-Term
• Positive Sentiment: One note from L1 Capital International described the decline in Intuit shares as an overreaction, suggesting some investors see the weakness as excessive relative to the company’s fundamentals. L1 Capital International Sees Intuit’s (INTU) Decline as Market’s Overreaction
• Neutral Sentiment: Coverage also noted that Intuit’s TurboTax Live business is performing well, even as the company works to refresh DIY tax products with simpler offerings and more competitive pricing to win back cost-conscious filers. Intuit’s TurboTax Live Is Thriving: Can It Offset DIY Choppiness?
• Negative Sentiment: Fresh class-action filings and law-firm alerts accused Intuit of securities-law violations and alleged misrepresentations about pricing pressure and TurboTax’s competitive advantages, which can weigh on sentiment and keep investors cautious. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers – INTU
• Negative Sentiment: Brokerage commentary also turned more cautious, with Morgan Stanley’s mixed stance on software names contributing to weakness in Intuit alongside peers. Adobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverage

Intuit Stock Performance

Shares of NASDAQ INTU opened at $289.92 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $79.30 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.08 and a beta of 1.00. The stock’s fifty day simple moving average is $299.25 and its 200 day simple moving average is $399.41. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the firm earned $11.65 earnings per share. Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last ninety days. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore lowered their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. The Goldman Sachs Group downgraded shares of Intuit from a “neutral” rating to a “sell” rating and cut their price target for the company from $519.00 to $276.00 in a report on Tuesday, June 2nd. Piper Sandler began coverage on shares of Intuit in a research report on Tuesday, July 14th. They set an “underweight” rating and a $250.00 price objective for the company. Susquehanna lowered their price objective on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research note on Monday. Finally, Mizuho lowered their price objective 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. Twenty-one research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus price target of $468.84.

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.