LPL Financial LLC Increases Stake in Intuit Inc. $INTU

LPL Financial LLC lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 245,971 shares of the software maker’s stock after acquiring an additional 3,159 shares during the period. LPL Financial LLC’s holdings in Intuit were worth $162,936,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the period. Vestcor Inc boosted its holdings in Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after purchasing an additional 9,148 shares during the period. NEOS Investment Management LLC boosted its holdings in Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co boosted its holdings in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after buying an additional 6,503 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 3.3%

Shares of INTU opened at $284.22 on Thursday. The business’s 50-day moving average price is $369.69 and its 200 day moving average price is $478.11. The stock has a market capitalization of $77.75 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.08 and a beta of 0.98. Intuit Inc. has a 1-year low of $281.93 and a 1-year high of $813.70. 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 (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm 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%.Intuit’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business 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. Analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

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

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu bought 1,250 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by company insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some commentators argue the selloff has created a buying opportunity, pointing to Intuit’s still-solid fundamentals and suggesting the stock may be oversold after the recent decline. Article: Intuit’s Stock Price Plunge Represents a Golden Buying Opportunity
• Positive Sentiment: Third-party valuation coverage says INTU could be materially undervalued, with one DCF-based analysis estimating a much higher fair value than the current share price. Article: Is INTU Undervalued? DCF Says Worth $720
• Neutral Sentiment: Intuit presented at recent investor conferences, which may help reassure investors about strategy and product execution, but these appearances did not include a major new catalyst. Article: Intuit Inc. (INTU) Presents at Mizuho Technology Conference 2026 Transcript
• Neutral Sentiment: Analysts and market commentary continue to frame Intuit as a growth and value stock, with some coverage highlighting its relatively low P/E versus history and peers. Article: Here’s Why Intuit (INTU) is a Strong Growth Stock
• Negative Sentiment: News flow around Intuit has turned more bearish after reports of a large stock drop tied to pricing concerns, with investigators looking into whether the company misled investors about TurboTax pricing. Article: Stock Drop Alert: Intuit (INTU) 20% Stock Drop on Pricing Issues Trigger Securities Fraud Investigation on behalf of Investors
• Negative Sentiment: Law firms have launched investor investigations into Intuit, adding legal overhang and reinforcing concerns that the stock’s decline may be tied to disclosure and pricing issues. Article: Intuit Investigation: Intuit (INTU) Investigated for Misrepresenting its Pricing Issues
• Negative Sentiment: One recent article highlighted that Intuit is leveraging new debt while facing AI-driven competitive pressure and cost-cutting measures, which may be raising investor concerns about margins and execution. Article: Intuit (INTU) Is Down 8.8% After Leveraging New Debt Amid AI Shifts And Cost Cuts

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on INTU shares. Susquehanna cut their target price on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. Scotiabank set a $575.00 target price on Intuit in a research note on Friday, March 6th. BMO Capital Markets reduced their price objective 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. TD Cowen reduced their price objective on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $514.58.

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.