Abner Herrman & Brock LLC Reduces Holdings in Intuit Inc. $INTU

Abner Herrman & Brock LLC lessened its position in shares of Intuit Inc. (NASDAQ:INTU) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,065 shares of the software maker’s stock after selling 8,613 shares during the quarter. Intuit comprises approximately 1.5% of Abner Herrman & Brock LLC’s portfolio, making the stock its 29th largest position. Abner Herrman & Brock LLC’s holdings in Intuit were worth $14,616,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Fort Sheridan Advisors LLC grew its position in Intuit by 2.1% in the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after acquiring an additional 15 shares during the period. BetterWealth LLC lifted its stake in shares of Intuit by 3.8% in the 3rd quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after purchasing an additional 15 shares during the last quarter. Sachetta LLC grew its holdings in shares of Intuit by 23.8% during the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after purchasing an additional 15 shares during the period. Vance Wealth LLC increased its position in shares of Intuit by 1.5% during the 2nd quarter. Vance Wealth LLC now owns 1,116 shares of the software maker’s stock worth $879,000 after purchasing an additional 16 shares during the last quarter. Finally, PUREfi Wealth LLC increased its position in shares of Intuit by 4.5% during the 3rd quarter. PUREfi Wealth LLC now owns 369 shares of the software maker’s stock worth $252,000 after purchasing an additional 16 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of Intuit stock opened at $455.24 on Friday. The stock has a market capitalization of $125.90 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50-day moving average of $466.88 and a 200 day moving average of $594.81. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm earned $3.32 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. Intuit’s dividend payout ratio is 31.09%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Argus decreased their target price on shares of Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Barclays reissued an “overweight” rating and issued a $540.00 price target on shares of Intuit in a research note on Monday. Mizuho decreased their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Daiwa Securities Group lowered their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $638.06.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Morgan Stanley named Intuit a “Top Pick,” a high-visibility endorsement that drove buying interest by highlighting Intuit’s tax-season visibility and growth outlook. Intuit stock rises after Morgan Stanley Top Pick designation
• Positive Sentiment: Company leadership halted planned insider stock sales and Intuit is stepping up share buybacks — a signal management is prioritizing shareholder returns and reducing potential supply pressure from insider selling. Intuit steps up share buybacks as leadership halts planned stock sales
• Positive Sentiment: BNP Paribas Exane upgraded Intuit, reinforcing the bullish analyst tone and likely supporting demand from institutional investors. Intuit (NASDAQ:INTU) Stock Rating Upgraded by BNP Paribas Exane
• Neutral Sentiment: Wall Street coverage remains favorable overall (multiple outlets aggregating analyst buy/hold recommendations), which sustains interest but may already be priced in. Wall Street Analysts See Intuit (INTU) as a Buy: Should You Invest?
• Neutral Sentiment: Morgan Stanley notes Intuit’s fiscal Q3 results could act as a catalyst by clarifying tax-season trends — a near-term event investors should watch for confirmation of demand. Intuit Fiscal Q3 Seen as Catalyst for Tax-Season Visibility, Growth, Morgan Stanley Says
• Neutral Sentiment: CEO Sasan Goodarzi gave TV interviews explaining the canceled insider sales and broader strategy — useful context but not a direct earnings update. Watch CNBC’s full interview with Intuit CEO Sasan Goodarzi
• Negative Sentiment: Intuit’s accelerated QuickBooks Desktop exit is testing customer loyalty and opening the door for competitors (e.g., Xero) to poach customers — a potential longer-term headwind to small-business retention and revenue if migrations accelerate. Intuit Desktop Exit Tests Customer Loyalty As Rivals Court QuickBooks Users

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 119,403 shares of company stock worth $79,242,742. 2.49% of the stock is currently 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.