Conning Inc. Has $4.85 Million Holdings in Intuit Inc. $INTU

Conning Inc. raised its position in shares of Intuit Inc. (NASDAQ:INTU) by 36.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,224 shares of the software maker’s stock after buying an additional 3,020 shares during the period. Conning Inc.’s holdings in Intuit were worth $4,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cannell & Spears LLC raised its position in Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after purchasing an additional 16 shares during the last quarter. Betterment LLC grew its holdings in shares of Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. grew its holdings in shares of Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the last quarter. Value Partners Investments Inc. increased its stake in shares of Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after buying an additional 17 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Intuit by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker’s stock valued at $2,399,000 after buying an additional 18 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is stepping up capital returns, with surging cash flow supporting bigger buybacks, an $8 billion repurchase program, and continued AI investment—signals that can help support long-term earnings growth and shareholder value. Intuit Steps Up Capital Returns: Can Growth Follow Through?
• Positive Sentiment: Several commentary pieces argued Intuit looks undervalued or that bearish views may have been too pessimistic, which could attract value-oriented buyers if sentiment keeps improving. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Intuit was added to multiple Russell value indexes, reinforcing the market’s view that the stock now screens more like a value name than a pure growth story. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Neutral Sentiment: Short-interest data showed no meaningful short position as of July 10, so this update does not appear to be a major trading catalyst.
• Negative Sentiment: Some recent coverage noted a rotation out of tech stocks and broader weakness in high-multiple names, which has weighed on INTU alongside the sector. Selling Winners, Buying Losers: Tech Stocks Drop as Energy Jumps to Start H2
• Negative Sentiment: Analyst downgrades from Stifel and Goldman added pressure, reminding investors that some on Wall Street still see valuation and growth risks. Stifel and Goldman Cut Intuit (INTU) Ratings

Insider Buying and Selling

In related news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the acquisition, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTU. The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research report on Monday, April 27th. Mizuho decreased their price target 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. BMO Capital Markets lowered their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Northcoast Research dropped their price objective on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Intuit Price Performance

INTU opened at $274.96 on Friday. The stock has a market cap of $75.21 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.00 and a beta of 1.00. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $813.70. 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 company has a fifty day simple moving average of $314.01 and a 200 day simple moving average of $420.11.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm 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 company posted $11.65 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

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.