Townsquare Capital LLC Lowers Position in Intuit Inc. $INTU

Townsquare Capital LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 60.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,296 shares of the software maker’s stock after selling 1,951 shares during the quarter. Townsquare Capital LLC’s holdings in Intuit were worth $859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTU. Brighton Jones LLC raised its position in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter worth $785,564,000. Sivia Capital Partners LLC raised its position in shares of Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC raised its position in shares of Intuit by 12.2% in the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after buying an additional 51 shares in 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 a number of research reports. Evercore lowered their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Scotiabank set a $575.00 price target on Intuit in a research report on Friday, March 6th. Daiwa Securities Group lowered their price target on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and lowered their price target for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Twenty-four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $514.58.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some commentators argue the selloff has created a buying opportunity, pointing to Intuit’s still-solid fundamentals and suggesting the stock may be oversold after the recent decline. Article: Intuit’s Stock Price Plunge Represents a Golden Buying Opportunity
• Positive Sentiment: Third-party valuation coverage says INTU could be materially undervalued, with one DCF-based analysis estimating a much higher fair value than the current share price. Article: Is INTU Undervalued? DCF Says Worth $720
• Neutral Sentiment: Intuit presented at recent investor conferences, which may help reassure investors about strategy and product execution, but these appearances did not include a major new catalyst. Article: Intuit Inc. (INTU) Presents at Mizuho Technology Conference 2026 Transcript
• Neutral Sentiment: Analysts and market commentary continue to frame Intuit as a growth and value stock, with some coverage highlighting its relatively low P/E versus history and peers. Article: Here’s Why Intuit (INTU) is a Strong Growth Stock
• Negative Sentiment: News flow around Intuit has turned more bearish after reports of a large stock drop tied to pricing concerns, with investigators looking into whether the company misled investors about TurboTax pricing. Article: Stock Drop Alert: Intuit (INTU) 20% Stock Drop on Pricing Issues Trigger Securities Fraud Investigation on behalf of Investors
• Negative Sentiment: Law firms have launched investor investigations into Intuit, adding legal overhang and reinforcing concerns that the stock’s decline may be tied to disclosure and pricing issues. Article: Intuit Investigation: Intuit (INTU) Investigated for Misrepresenting its Pricing Issues
• Negative Sentiment: One recent article highlighted that Intuit is leveraging new debt while facing AI-driven competitive pressure and cost-cutting measures, which may be raising investor concerns about margins and execution. Article: Intuit (INTU) Is Down 8.8% After Leveraging New Debt Amid AI Shifts And Cost Cuts

Intuit Trading Down 3.3%

NASDAQ INTU opened at $284.22 on Thursday. The stock’s 50-day simple moving average is $369.69 and its two-hundred day simple moving average is $478.11. Intuit Inc. has a twelve month low of $281.93 and a twelve month high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $77.75 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.08 and a beta of 0.98.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Intuit’s payout ratio is currently 29.07%.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu acquired 1,250 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.49% of the company’s stock.

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.