Intuit Inc. $INTU Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 30.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,891 shares of the software maker’s stock after selling 2,169 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Intuit were worth $1,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit during the 4th quarter valued at approximately $25,000. HHM Wealth Advisors LLC raised its position in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after buying an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new position in Intuit in the first quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC purchased a new position in Intuit in the first quarter worth approximately $32,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its AI capabilities across QuickBooks Online Advanced and Intuit Enterprise Suite. The new conversational tools allow CFOs and accounting teams to query financial data, create reports and initiate workflows using natural language, supporting Intuit’s strategy to capture more complex mid-market finance customers. Intuit Advances Its Mid-Market Platform With Conversational AI
• Positive Sentiment: BMO reiterated a Buy rating and maintained a $412 price target, citing resilient core operations despite temporary segment headwinds. The endorsement offers support for the bullish view that the recent selloff may have created a more attractive valuation. Intuit Buy Rating Reiterated
• Neutral Sentiment: Intuit is scheduled to report fourth-quarter and full-year results on August 25. The event is likely to be the next major catalyst, particularly for updates on TurboTax demand, fiscal 2027 expectations and adoption of the company’s AI-powered products. Intuit Earnings Date
• Negative Sentiment: Several law firms publicized a securities-fraud class action filed against Intuit and certain executives. The litigation alleges material misstatements or omissions about the company’s tax business during the August 22, 2025–May 20, 2026 class period. Although the financial liability is uncertain, the repeated notices add reputational and legal overhang ahead of earnings. Intuit Securities Class Action

Intuit Price Performance

INTU stock opened at $334.71 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $91.56 billion, a PE ratio of 20.27, a P/E/G ratio of 1.06 and a beta of 0.97. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $721.54. The business’s fifty day moving average price is $290.18 and its 200 day moving average price is $367.64.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during 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 for the quarter was up 10.4% on a year-over-year basis. During the same period 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. On average, sell-side analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas Exane cut their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. HSBC cut their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. KeyCorp decreased their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $275.00 price target (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $461.23.

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.