Victory Capital Management Inc. Buys 85,256 Shares of Intuit Inc. $INTU

Victory Capital Management Inc. lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,139,587 shares of the software maker’s stock after acquiring an additional 85,256 shares during the period. Victory Capital Management Inc.’s holdings in Intuit were worth $754,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Family Office LLC increased its stake in Intuit by 30.5% in the fourth quarter. Boston Family Office LLC now owns 2,175 shares of the software maker’s stock valued at $1,441,000 after acquiring an additional 508 shares during the last quarter. First National Bank of Omaha bought a new stake in Intuit during the fourth quarter worth about $399,000. Titan Investment Solutions Ltd purchased a new position in shares of Intuit in the 4th quarter worth about $18,074,000. Milford Funds Ltd. bought a new stake in Intuit in the 4th quarter worth approximately $112,232,000. Finally, L1 Capital International Pty Ltd lifted its position in Intuit by 365.3% in the 4th quarter. L1 Capital International Pty Ltd now owns 146,458 shares of the software maker’s stock worth $97,017,000 after buying an additional 114,982 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent research reports. Mizuho dropped their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their target price on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit recently raised $1.75 billion through a senior notes offering, which strengthens liquidity and gives the company more financial flexibility. Intuit Raises $1.75 Billion Through Senior Notes Offering
• Positive Sentiment: Recent commentary points to solid underlying business trends, including 19% revenue growth in online business solutions, which supports the bull case after the stock’s sharp decline. Intuit reports strong 19% revenue growth in online business solutions
• Neutral Sentiment: Intuit launched new QuickBooks Payroll tools and services in the UK, a product update that supports the long-term growth story but is not likely to move the stock much in the near term. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Neutral Sentiment: Intuit’s Q3 2026 earnings call transcript attracted attention, but it does not appear to add materially new information beyond the recently reported results and guidance. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Negative Sentiment: Director Richard L. Dalzell sold shares in recent transactions, and while the trades were made under a 10b5-1 plan, insider selling can still weigh on sentiment. Richard L. Dalzell insider transactions
• Negative Sentiment: Multiple investor-alert and law-firm investigations into Intuit’s pricing practices and possible securities issues are creating legal overhang and may be pressuring the shares. Investor alert: Pomerantz investigates claims on behalf of investors of Intuit
• Negative Sentiment: Commentary also highlights investor concern about AI monetization and competitive disruption, reinforcing worries behind the recent weakness in INTU. Intuit slid amid market skepticism over AI monetization and disruption

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 1,250 shares of Intuit 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 completion of the purchase, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by insiders.

Intuit Stock Performance

NASDAQ:INTU opened at $276.73 on Friday. 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 $268.01 and a fifty-two week high of $813.70. The firm has a market cap of $75.70 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The business has a 50 day moving average price of $363.60 and a 200-day moving average price of $474.00.

Intuit (NASDAQ:INTU) last posted 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 firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the firm earned $11.65 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. 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 research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

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

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.