Granite Investment Partners LLC Has $5.14 Million Stock Holdings in Intuit Inc. $INTU

Granite Investment Partners LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,897 shares of the software maker’s stock after selling 2,677 shares during the period. Granite Investment Partners LLC’s holdings in Intuit were worth $5,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTU. Joseph Group Capital Management bought a new stake in Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC boosted its holdings in Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. CrossGen Wealth LLC acquired a new stake in Intuit in the first quarter valued at approximately $32,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the third quarter valued at approximately $33,000. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

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

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some analysts still see significant upside in Intuit, with the stock maintaining a consensus Buy rating and a median 12-month target around $446.50. Stifel and Goldman Cut Intuit (INTU) Ratings
• Positive Sentiment: Several bullish commentary pieces argue INTU looks undervalued after its recent selloff and that AI fears may be overdone, suggesting the stock could be forming a bottom. Intuit: Signs Of A Bottom, Shares Way Too Cheap As The AI Trade Wobbles
• Positive Sentiment: Recent coverage says investors have rotated back into beaten-down software names, helping support a rebound in Intuit and peers. Atlassian and Intuit Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Intuit CFO Sandeep Aujla was highlighted in an interview, but the item did not include new financial guidance or material business updates. Intuit CFO Sandeep Aujla on the power of possibility
• Neutral Sentiment: Articles noted that QuickBooks Desktop retirement could benefit some bookkeeping firms, though this is more of an industry transition than a direct catalyst for Intuit shares. Remote Quality Bookkeeping Expands with New Massachusetts Office as Small Businesses Face QuickBooks Desktop Retirement
• Negative Sentiment: Stifel and Goldman cutting ratings likely added to near-term selling pressure and reinforced investor caution around Intuit’s valuation. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Some analysis argues that growth in a key flagship product has cooled and that management is shifting the growth narrative, which raises concerns about the durability of future expansion. The Done-For-You Silence That Reshapes The Intuit Stock Growth Story
• Negative Sentiment: Another article highlighted TurboTax headwinds as already priced into the stock, underscoring ongoing concern about Intuit’s core tax franchise. Intuit: TurboTax Headwinds Are Priced Into This Deep Value Stock
• Negative Sentiment: A securities-fraud investigation announcement added further downside sentiment after the stock’s sharp decline and may keep investor confidence subdued in the near term. INTU Investment Loss: Intuit Investors that Lost Money after Pricing Issues Disclosed are Notified to Contact BFA Law about its Securities Fraud Investigation

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on INTU shares. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Bank of America began coverage on shares of Intuit in a research note on Wednesday, May 27th. They set a “buy” rating and a $400.00 price target for the company. Susquehanna lowered their price objective on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a report on Friday, May 22nd. Finally, The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Intuit Stock Performance

Shares of Intuit stock opened at $272.10 on Thursday. Intuit Inc. has a 52 week low of $252.84 and a 52 week 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 business has a 50 day moving average price of $318.96 and a 200-day moving average price of $423.93. The company has a market cap of $74.43 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the firm earned $11.65 earnings per share. Intuit’s quarterly 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. Equities analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

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.