Assetmark Inc. Has $37.68 Million Stake in Intuit Inc. $INTU

Assetmark Inc. grew its stake in shares of Intuit Inc. (NASDAQ:INTU) by 36.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 87,138 shares of the software maker’s stock after acquiring an additional 23,356 shares during the quarter. Assetmark Inc.’s holdings in Intuit were worth $37,677,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Betterment LLC lifted its position in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the period. Value Partners Investments Inc. raised its holdings in shares of Intuit by 0.4% during the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after buying an additional 17 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Intuit by 0.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker’s stock worth $2,399,000 after buying an additional 18 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Intuit by 2.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 764 shares of the software maker’s stock valued at $498,000 after buying an additional 18 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in Intuit by 2.0% in the fourth quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after buying an additional 18 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

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

Intuit Stock Performance

Shares of Intuit stock opened at $291.09 on Friday. The company has a market cap of $79.62 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The business has a 50 day moving average price of $303.20 and a 200-day moving average price of $406.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the firm earned $11.65 earnings per share. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. 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 analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal 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 was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio is presently 29.07%.

Insider Activity

In other news, Director Vasant M. Prabhu purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was 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 approximately $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

INTU has been the subject of several research analyst reports. Daiwa Securities Group lowered their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Northcoast Research decreased their price target 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. Wells Fargo & Company dropped their price target on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Mizuho 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 Tuesday, May 26th. Finally, Wolfe Research reissued an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research note on Thursday, May 21st. Twenty-two equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $490.39.

Intuit Profile

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.