Intuit Inc. $INTU Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in Intuit Inc. (NASDAQ:INTU) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,888 shares of the software maker’s stock after selling 2,838 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Intuit were worth $18,474,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTU. Vanguard Group Inc. grew its stake in shares of Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares in the last quarter. State Street Corp boosted its stake in Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after acquiring an additional 158,456 shares in the last quarter. Invesco Ltd. boosted its stake in Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after acquiring an additional 271,407 shares in the last quarter. Northern Trust Corp boosted its stake in Intuit by 4.8% in the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock valued at $2,356,040,000 after acquiring an additional 158,843 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of 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 buying an additional 1,295,199 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.9%

Shares of NASDAQ INTU opened at $399.48 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $110.48 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70. The firm’s 50 day moving average price is $410.70 and its 200 day moving average price is $516.31.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate 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 firm 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. As a group, sell-side analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a report on Friday, February 27th. UBS Group dropped their target price on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, February 27th. KeyCorp lowered their price target on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Finally, Daiwa Securities Group decreased their target price on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $634.26.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were 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 of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is getting a boost from a new AI expansion in QuickBooks, adding Workforce tools for payroll, hiring, and HR management. That broadens the platform beyond accounting and could support faster growth and deeper customer adoption. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Positive Sentiment: Wall Street sentiment has improved after Intuit was upgraded to Buy, reflecting optimism about earnings prospects ahead of the company’s report. Intuit (INTU) Upgraded to Buy: Here’s What You Should Know
• Positive Sentiment: Analysts are heading into Intuit’s fiscal Q3 results expecting double-digit revenue growth, with momentum in QuickBooks, TurboTax, and Credit Karma potentially setting up a favorable earnings reaction. Intuit Gears Up to Report Q3 Earnings: What’s in the Offing?
• Neutral Sentiment: Investors are closely watching Intuit ahead of its May 20 earnings release, which is likely keeping trading cautious as the market waits for updated guidance. Polymarket Earnings: Will NVDA, INTU, LOW Beat Earnings Tomorrow?
• Neutral Sentiment: Intuit also announced a large office lease in Bengaluru, signaling ongoing international expansion, though the move is unlikely to affect the stock immediately. Intuit takes on lease 6.3 lakh sq ft of office space at Embassy Tech Village in Bengaluru
• Negative Sentiment: Despite the recent rebound in sentiment, some articles note that Intuit remains well below its yearly high, with investors still worried about growth durability and valuation after a sharp pullback. Dear Intuit Stock Fans, Mark Your Calendars for May 20
• Negative Sentiment: Some commentary is also questioning whether Intuit is keeping pace in AI, which could weigh on investor confidence if the company’s AI strategy is seen as insufficient. Intuit’s massive drop is raising serious AI questions

Intuit Company 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.