Parallel Advisors LLC Increases Stock Holdings in Intuit Inc. $INTU

Parallel Advisors LLC increased its position in Intuit Inc. (NASDAQ:INTU) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,985 shares of the software maker’s stock after acquiring an additional 1,560 shares during the quarter. Parallel Advisors LLC’s holdings in Intuit were worth $12,100,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of INTU. Rakuten Investment Management Inc. increased its position in shares of Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Intuit by 20.3% during the fourth 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 last quarter. Vestcor Inc lifted its position in Intuit by 79.1% during the fourth 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 during the last quarter. Janney Montgomery Scott LLC grew its stake in Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after buying an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Intuit by 13.2% in the 4th 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. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several research reports. Royal Bank Of Canada lowered their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company cut their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. KeyCorp reduced their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Rothschild & Co Redburn lowered their price target on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Finally, HSBC dropped their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $460.45.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 1,239 shares of company stock worth $348,354 over the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit Trading Up 1.6%

INTU stock opened at $323.60 on Wednesday. The company has a market capitalization of $88.52 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a one year low of $252.84 and a one year high of $794.09. The company’s 50 day moving average price is $289.35 and its two-hundred day moving average price is $376.56.

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, 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 analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the company earned $11.65 EPS. The firm’s 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. As a group, analysts predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from a wider software-sector tailwind linked to easing geopolitical tensions and renewed AI-related merger-and-acquisition activity. The company’s history of earnings surprises and expectations for another potential beat may also be supporting sentiment. Intuit, BILL, Workiva, Elastic, and Autodesk Stocks Trade Up
• Neutral Sentiment: Intuit shares ended at $323.60, up for the session but still well below the 200-day moving average of $376.56. The stock’s recent performance reflects a recovery from its 12-month low, although trading volume remained below average. Intuit Advances But Underperforms Market
• Negative Sentiment: Truist downgraded Intuit to Hold from Buy and cut its price target to $350 from $410, citing a softer growth outlook and limited near-term catalysts. The reduced target leaves only modest upside from the reported closing level. Intuit Cut to Hold at Truist
• Negative Sentiment: Several law firms publicized a securities class action filed against Intuit and certain executives. The lawsuit alleges that the company misrepresented TurboTax’s growth prospects, competitive advantages, and pricing environment before a sharp stock decline. The allegations have not been proven, but the litigation creates reputational, legal, and investor-confidence risks; the lead-plaintiff deadline is September 8, 2026. Pomerantz Class Action Announcement
• Negative Sentiment: Fundsmith Equity Fund disclosed that it sold its Intuit position during the second quarter, adding to concerns among investors about valuation, competitive pressure, and slowing growth. Why Fundsmith Sold Intuit

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.