OP Asset Management Ltd Invests $14.21 Million in Intuit Inc. $INTU

OP Asset Management Ltd bought a new stake in shares of Intuit Inc. (NASDAQ:INTU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 32,870 shares of the software maker’s stock, valued at approximately $14,212,000.

Other large investors have also bought and sold shares of the company. Rakuten Investment Management Inc. raised its stake in Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after buying an additional 43,389 shares during the period. Bank of New York Mellon Corp grew its position in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the period. Vestcor Inc increased its stake in Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after purchasing an additional 9,148 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after buying an additional 6,999 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after acquiring an additional 6,503 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is scheduled to highlight its rebuilt AI infrastructure at VB Transform 2026, signaling continued investment in faster, more scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Positive Sentiment: Some market commentary points to Intuit as a large-cap tech name that benefited from falling Treasury yields, which can make growth stocks more attractive on a valuation basis. Sprout Social, Intuit, and PagerDuty Shares Skyrocket, What You Need To Know
• Positive Sentiment: Analyst coverage remains supportive overall, with consensus still calling Intuit a “Moderate Buy,” which may help limit downside despite recent volatility. Intuit Inc. Receives Consensus Rating of Moderate Buy from Analysts
• Neutral Sentiment: Management comments aimed at accountants, including “you are the customer, not a channel,” suggest Intuit is trying to strengthen partner relationships, but the direct stock impact is unclear. Intuit CEO to accountants: You are the customer, not a channel
• Negative Sentiment: Investor concern increased after reports of pricing issues and a large stock decline, prompting a securities-fraud investigation notice that could keep pressure on shares. INTU Stock News: Intuit Stock Dropped 20% after Pricing Issues Disclosed
• Negative Sentiment: Another law firm is investigating claims on behalf of Intuit investors, adding to legal overhang and uncertainty around the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target, citing expectations that management may lower near- to medium-term growth guidance. Is Intuit (INTU) One of the Best Big Tech Stocks to Buy According to Wall Street Analysts?
• Negative Sentiment: Director Richard L. Dalzell sold a small block of shares under a pre-arranged trading plan, which is usually neutral, but it can add to negative sentiment when shares are already under pressure. Intuit director stock sale

Insider Buying and Selling

In related news, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction 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 business’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 completion of the transaction, the director directly owned 11,758 shares of the company’s stock, valued at approximately $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. Insiders sold 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is currently owned by insiders.

Intuit Trading Up 1.6%

Shares of INTU opened at $262.08 on Thursday. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70. The stock has a market cap of $71.69 billion, a PE ratio of 15.87, a P/E/G ratio of 0.95 and a beta of 0.98. 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 business’s 50-day moving average price is $343.59 and its 200-day moving average price is $451.79.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the business earned $11.65 earnings per share. Intuit’s revenue was up 10.4% compared to the same quarter last year. 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, equities analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTU. Wolfe Research reiterated an “outperform” rating and set a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. UBS Group dropped their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Royal Bank Of Canada cut their price target on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Scotiabank set a $575.00 price target on shares of Intuit in a research report on Friday, March 6th. Finally, Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Twenty-three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $511.35.

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.