Intuit Inc. $INTU Shares Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp increased its position in Intuit Inc. (NASDAQ:INTU) by 67.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,603 shares of the software maker’s stock after acquiring an additional 13,519 shares during the period. Peapack Gladstone Financial Corp’s holdings in Intuit were worth $22,259,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Intuit by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after acquiring an additional 296,448 shares during the period. State Street Corp increased its holdings in shares of Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the period. Geode Capital Management LLC increased its holdings in shares of Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after acquiring an additional 87,451 shares during the period. Norges Bank acquired a new stake in shares of Intuit in the 4th quarter worth about $3,058,407,000. Finally, Invesco Ltd. increased its holdings in shares of Intuit by 7.8% in the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after acquiring an additional 271,407 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.49% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America reportedly reinstated a Buy rating on Intuit, which can help support sentiment and signal that Wall Street still sees long-term value in the shares.
• Positive Sentiment: Intuit expanded Mailchimp AI tools and integrations, including Analytics AI and connections with platforms like Shopify, Canva, Wix, WooCommerce, and Claude, reinforcing the company’s AI growth narrative and small-business software momentum. Article: Intuit Expands Mailchimp AI Tools And Integrations For Small Business Growth
• Positive Sentiment: Commentary highlighting how Intuit is overcoming fears of AI disruption may reassure investors that AI is acting more as a tailwind than a threat to its core software franchises. Article: Here’s How Intuit (INTU) is Overcoming the Fears of AI Disruption
• Neutral Sentiment: Articles comparing Intuit vs. PayPal frame INTU as a strong fintech/software contender, but they are more of an industry comparison than a direct catalyst. Article: Intuit vs. PayPal: Which Fintech Stock Is the Better Buy Now?
• Neutral Sentiment: Intuit is also getting more analyst and investor attention after its earnings call and recent coverage, but these items mainly keep the stock in focus rather than changing the fundamental story.
• Negative Sentiment: Multiple law firms and a securities-fraud investigation were announced, alleging possible pricing-related issues and false or misleading statements. That legal pressure could weigh on the shares and keep volatility elevated. Article: INTU Securities News: Intuit Investigated for Securities Fraud Over Pricing Issues
• Negative Sentiment: Argus lowered its price target on Intuit to $480 from $580 after the company reduced guidance, suggesting some near-term caution despite keeping a Buy rating.

Analysts Set New Price Targets

Several equities analysts have commented on INTU shares. Barclays lowered their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. TD Cowen lowered their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Jefferies Financial Group lowered their target price on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Royal Bank Of Canada lowered their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, BNP Paribas Exane lowered their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $525.65.

Intuit Price Performance

Intuit stock opened at $331.53 on Monday. The company’s 50-day moving average price is $390.41 and its two-hundred day moving average price is $497.41. The stock has a market cap of $90.69 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.25 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52 week low of $300.50 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, analysts expect that Intuit Inc. will post 17.64 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Intuit’s 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.