Arrowstreet Capital Limited Partnership Buys 1,972,719 Shares of Intuit Inc. $INTU

Arrowstreet Capital Limited Partnership raised its stake in Intuit Inc. (NASDAQ:INTU) by 102.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,896,561 shares of the software maker’s stock after acquiring an additional 1,972,719 shares during the quarter. Intuit makes up 0.9% of Arrowstreet Capital Limited Partnership’s holdings, making the stock its 15th biggest position. Arrowstreet Capital Limited Partnership’s holdings in Intuit were worth $1,684,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp grew its holdings in Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after purchasing an additional 180,069 shares during the period. Geode Capital Management LLC increased its position in Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Morgan Stanley increased its position in Intuit by 1.2% in the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after buying an additional 60,910 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Intuit in the fourth quarter valued at $3,058,407,000. 83.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTU has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays lowered their price objective on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Intuit in a report on Thursday, May 21st. Finally, HSBC cut their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $468.84.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at approximately $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, which could deepen engagement with its platform and create a new financial-services growth avenue. Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks
• Positive Sentiment: Intuit highlighted its AI and telesurgery-style collaboration vision at the Society of Robotic Surgery conference for its broader technology platform, showcasing long-term innovation, though this is not directly tied to INTU’s core business and appears to be unrelated content in the feed.
• Neutral Sentiment: Multiple law firms urged affected shareholders to contact them before the September lead-plaintiff deadline in the pending securities class action. These reminders are procedural, but they keep the allegations in the spotlight. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit
• Neutral Sentiment: Intuit’s recent earnings beat and revenue growth remain supportive in the background, but today’s trading appears to be driven more by litigation headlines and analyst sentiment than by operating results.
• Negative Sentiment: A class action was filed alleging Intuit overstated the health of its tax-related business and TurboTax growth prospects, raising concerns about disclosure risk and potential legal costs. Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Intuit Inc.
• Negative Sentiment: Market commentary about generative AI disruption fears and a reported analyst downgrade added to investor caution around Intuit’s growth outlook and valuation. Generative AI Disruption Fears Hurt Intuit (INTU)

Intuit Price Performance

Shares of NASDAQ INTU opened at $281.53 on Friday. The stock has a market cap of $77.01 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70. 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 stock has a fifty day moving average of $295.57 and a 200-day moving average of $394.30.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping 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%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. 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. Equities research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Intuit’s dividend payout ratio is currently 29.07%.

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.