Sanctuary Advisors LLC Acquires 2,937 Shares of Intuit Inc. $INTU

Sanctuary Advisors LLC raised its holdings in Intuit Inc. (NASDAQ:INTU) by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,821 shares of the software maker’s stock after buying an additional 2,937 shares during the quarter. Sanctuary Advisors LLC’s holdings in Intuit were worth $11,164,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 1ST Source Bank grew its holdings in Intuit by 3.9% in the first quarter. 1ST Source Bank now owns 975 shares of the software maker’s stock worth $422,000 after purchasing an additional 37 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Intuit by 8.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,766 shares of the software maker’s stock worth $1,628,000 after purchasing an additional 280 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Intuit by 0.7% during the 1st quarter. Maryland State Retirement & Pension System now owns 13,714 shares of the software maker’s stock worth $5,930,000 after purchasing an additional 99 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in shares of Intuit by 44.0% in the 1st quarter. Avantax Planning Partners Inc. now owns 2,230 shares of the software maker’s stock valued at $964,000 after buying an additional 681 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in Intuit in the first quarter valued at approximately $275,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the transaction, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last ninety days. 2.49% of the stock is currently owned by insiders.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Several law firms announced or promoted class-action lawsuits against Intuit over alleged securities-law violations during the period from Aug. 22, 2025 to May 20, 2026, with lead-plaintiff deadlines now approaching; this keeps legal overhang front and center for investors. Article Title
• Negative Sentiment: Analyst commentary referenced sharp reductions in sell-side price targets after Intuit cut TurboTax growth guidance, reinforcing concerns that near-term growth may be slowing and that expectations had been too high. Article Title
• Negative Sentiment: Additional investor alerts from multiple firms suggest more legal follow-through is likely, which can weigh on the stock as investors assess potential costs, distraction, and reputational damage. Article Title
• Neutral Sentiment: Some recent commentary remains constructive, with articles arguing Intuit still has strong cash generation and solid growth characteristics, which may help limit downside over time if execution stabilizes. Article Title
• Neutral Sentiment: Intuit also received a Zacks upgrade to Buy and broader bullish analyst coverage, but these positive views are being overshadowed in the near term by litigation risk and guidance concerns. Article Title

Intuit Trading Up 5.4%

Shares of Intuit stock opened at $294.79 on Friday. The company has a market capitalization of $80.64 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.00. The stock has a fifty day simple moving average of $305.30 and a 200 day simple moving average of $407.38. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion for 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%.The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $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 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit’s payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Citigroup lowered their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Daiwa Securities Group dropped their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Piper Sandler began coverage on shares of Intuit in a report on Tuesday. They set an “underweight” rating and a $250.00 price objective for the company. Finally, Stifel Nicolaus reissued a “hold” rating and set a $275.00 target price (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Twenty-two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.