NewEdge Wealth LLC Trims Position in Intuit Inc. $INTU

NewEdge Wealth LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 33.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,975 shares of the software maker’s stock after selling 2,527 shares during the quarter. NewEdge Wealth LLC’s holdings in Intuit were worth $2,151,000 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 INTU. Rakuten Investment Management Inc. lifted its position in Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after buying an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc lifted its stake in Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after acquiring an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after acquiring an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Intuit by 13.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 6,999 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit highlighted its AI roadmap for surgical care at the Society of Robotic Surgery conference, including a framework built on data from more than 20 million da Vinci procedures and a live telesurgery demonstration. The message reinforces Intuit’s long-term innovation story and could help investor confidence around future product capabilities. Article Title
• Positive Sentiment: The company also launched a business credit card that syncs with QuickBooks, which supports ecosystem expansion and could deepen customer adoption across Intuit’s small-business platform. Article Title
• Neutral Sentiment: Analysts are still looking for double-digit earnings growth in Intuit’s upcoming quarterly report, suggesting investors are watching closely for confirmation of continued momentum. Article Title
• Negative Sentiment: Multiple law firms announced or promoted securities fraud class-action claims against Intuit, alleging misstatements about TurboTax growth, revenue outlook, and pricing issues. These legal actions are a clear drag on sentiment and may be pressuring the stock. Article Title
• Negative Sentiment: Additional lawsuits and deadline reminders around the September 8 lead-plaintiff date keep the litigation overhang in focus, adding uncertainty for investors. Article Title

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the purchase, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have 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 owned by company insiders.

Intuit Trading Up 5.3%

NASDAQ INTU opened at $296.33 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The stock has a market capitalization of $81.06 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The firm has a 50 day moving average of $293.64 and a two-hundred day moving average of $393.61.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts expect that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Intuit in a research report on Thursday, May 21st. The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Barclays dropped their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reduced their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $468.84.

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.