MV Capital Management Inc. Makes New Investment in Intuit Inc. $INTU

MV Capital Management Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,567 shares of the software maker’s stock, valued at approximately $3,025,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Intuit by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp grew its holdings in Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Geode Capital Management LLC grew its holdings in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after buying an additional 87,451 shares in the last quarter. Morgan Stanley increased its position in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after buying an additional 60,910 shares during the period. Finally, Norges Bank acquired a new stake in shares of Intuit during the fourth quarter worth $3,058,407,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target to $275 from $375, saying investors may need to brace for a lower long-term growth outlook as Intuit shifts toward more value-based pricing. Article: Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Multiple reports say the stock has been hit by AI-related fears and broader skepticism around Intuit’s growth trajectory, adding to selling pressure. Article: Intuit Stock (INTU) Is Downgraded on Growth Concerns
• Neutral Sentiment: Intuit reported a strong quarter last month, beating earnings and revenue estimates and raising FY 2026 guidance, but that positive backdrop is being overshadowed by current valuation and growth worries.
• Neutral Sentiment: One supportive note is that Credit Karma continues to grow, with revenue up 15% to $631 million, which could help offset some concerns about the company’s overall growth mix. Article: Credit Karma Gains Traction: Can It Continue Boosting Intuit’s Growth?
• Negative Sentiment: Investor sentiment may also be dampened by a securities-fraud investigation notice and insider selling headlines, though the director sale was small and part of a pre-arranged trading plan. Article: Investor Alert: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. – INTU

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets lowered their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Freedom Capital lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $511.35.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 955 shares of company stock worth $273,855. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $267.00 on Friday. The stock has a fifty day moving average price of $352.12 and a 200-day moving average price of $462.59. The company has a market cap of $73.04 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a fifty-two week low of $259.23 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company 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%.Intuit’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $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. As a group, equities analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) 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.