Keel Point LLC Sells 1,828 Shares of Intuit Inc. $INTU

Keel Point LLC decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 70.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 755 shares of the software maker’s stock after selling 1,828 shares during the period. Keel Point LLC’s holdings in Intuit were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its holdings in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares during the period. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the 1st quarter worth $785,564,000. Sivia Capital Partners LLC lifted its position in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its holdings in Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after acquiring an additional 51 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of INTU stock opened at $318.39 on Tuesday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $794.09. The company has a market capitalization of $87.09 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.16 and a beta of 1.00. The stock has a 50 day moving average of $288.97 and a two-hundred day moving average of $378.27. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

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 business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, equities analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTU. Evercore dropped their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Daiwa Securities Group dropped their target price on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Northcoast Research cut their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Morgan Stanley downgraded shares of Intuit from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $580.00 to $335.00 in a report on Tuesday, July 21st. Finally, Argus decreased their price target on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Nineteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $460.45.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s strong history of exceeding earnings expectations and favorable analyst-estimate revisions suggest the company may beat consensus again in its next quarterly report. A potential earnings surprise could support the stock by reinforcing confidence in its growth and profitability. Why Intuit Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: A valuation-focused dividend-stock screen identified Intuit as trading at a significant discount to estimated intrinsic value. While not a direct company announcement, the report may encourage value-oriented investors to view the recent decline as a potential long-term buying opportunity. Top 25 High-Growth Dividend Stocks for August 2026
• Neutral Sentiment: Truist reaffirmed its “hold” rating but reduced its price target to $350 from $410. The revised target still implies potential upside from recent levels, but the substantial cut signals reduced confidence in Intuit’s near-term growth outlook.
• Neutral Sentiment: QuickBooks is offering its Workforce Payroll plan at a 90% discount for the first three months. The promotion could help attract and retain small-business customers, although heavy discounting may raise questions about pricing power and near-term revenue quality. QuickBooks Workforce Payroll Promotion
• Negative Sentiment: Fundsmith Equity Fund sold its Intuit position during the second quarter. The disposal adds to concerns about institutional confidence in Intuit’s growth trajectory, particularly amid broader pressure on high-quality software stocks. Why Fundsmith Sold Intuit
• Negative Sentiment: Several law firms are promoting a securities-fraud class action against Intuit and reminding investors of a September 8, 2026 lead-plaintiff deadline. The allegations center on claims that Intuit misrepresented TurboTax growth, pricing conditions, and competitive pressures. Although the notices do not establish wrongdoing, they add reputational, legal, and potential financial risks. Intuit Securities Fraud Class Action Notice

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.