D.A. Davidson & CO. Raises Holdings in Intuit Inc. $INTU

D.A. Davidson & CO. lifted its position in Intuit Inc. (NASDAQ:INTU) by 26.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,516 shares of the software maker’s stock after purchasing an additional 2,825 shares during the quarter. D.A. Davidson & CO.’s holdings in Intuit were worth $5,844,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in Intuit during the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC raised its holdings in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Intuit during the 1st quarter worth approximately $30,000. Finally, CrossGen Wealth LLC bought a new position in shares of Intuit during the 1st quarter valued at approximately $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

NASDAQ INTU opened at $291.09 on Friday. The company has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $303.20 and its 200-day moving average price is $406.56. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio is currently 29.07%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell
• Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
• Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers

Insider Activity

In other news, Director Vasant M. Prabhu bought 500 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director owned 11,758 shares in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on INTU. UBS Group cut their target price on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Freedom Capital downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Northcoast Research lowered 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. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Argus reduced their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Twenty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.39.

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.