Intuit Inc. $INTU Shares Purchased by Renaissance Group LLC

Renaissance Group LLC boosted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,580 shares of the software maker’s stock after acquiring an additional 3,298 shares during the quarter. Renaissance Group LLC’s holdings in Intuit were worth $27,544,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Intuit by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock valued at $19,156,152,000 after buying an additional 296,448 shares in the last quarter. State Street Corp lifted its stake in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after buying an additional 158,456 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares during the last quarter. Norges Bank acquired a new position in Intuit during the fourth quarter worth $3,058,407,000. Finally, Invesco Ltd. boosted its position in shares of Intuit by 7.8% during the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock valued at $2,565,810,000 after acquiring an additional 271,407 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the transaction, the director owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Intuit Stock Down 3.3%

INTU opened at $284.22 on Thursday. Intuit Inc. has a 52 week low of $281.93 and a 52 week high of $813.70. The firm has a market cap of $77.75 billion, a P/E ratio of 17.22, a PEG ratio of 1.08 and a beta of 0.98. The business’s fifty day simple moving average is $369.69 and its 200 day simple moving average is $478.11. 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 (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. HSBC lowered their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Mizuho lowered their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Royal Bank Of Canada dropped their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Evercore dropped their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Daiwa Securities Group dropped their target price on shares of Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Intuit News Roundup

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 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.