Ironwood Investment Counsel LLC Buys 8,130 Shares of Intuit Inc. $INTU

Ironwood Investment Counsel LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 348.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,461 shares of the software maker’s stock after buying an additional 8,130 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Intuit were worth $4,523,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Planning Alternatives Ltd. ADV boosted its stake in Intuit by 67.5% in the first quarter. Planning Alternatives Ltd. ADV now owns 772 shares of the software maker’s stock valued at $334,000 after acquiring an additional 311 shares during the last quarter. KBC Group NV increased its stake in shares of Intuit by 8.1% during the 1st quarter. KBC Group NV now owns 85,152 shares of the software maker’s stock worth $36,818,000 after purchasing an additional 6,373 shares during the last quarter. S&CO Inc. raised its holdings in shares of Intuit by 109.6% in the 1st quarter. S&CO Inc. now owns 14,540 shares of the software maker’s stock worth $6,286,000 after purchasing an additional 7,602 shares during the period. True North Advisors LLC raised its holdings in shares of Intuit by 12.0% in the 1st quarter. True North Advisors LLC now owns 748 shares of the software maker’s stock worth $323,000 after purchasing an additional 80 shares during the period. Finally, SEB Asset Management AB bought a new stake in shares of Intuit in the 1st quarter worth approximately $37,831,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is owned by company insiders.

Key Intuit News

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 Price Performance

Intuit stock opened at $291.09 on Monday. The firm has a market capitalization of $79.62 billion, a P/E ratio of 17.63, a PEG ratio of 1.07 and a beta of 1.00. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average price of $303.20 and a 200-day moving average price of $404.68.

Intuit (NASDAQ:INTU) last released 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 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 analyst estimates of $8.54 billion. During the same period in the previous year, the company posted $11.65 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.

Analysts Set New Price Targets

A number of research firms have issued reports on INTU. Royal Bank Of Canada decreased their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Mizuho decreased their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. UBS Group dropped their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Barclays cut their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.39.

Intuit Company 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.