Intuit Inc. $INTU Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Intuit Inc. (NASDAQ:INTU) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 358,636 shares of the software maker’s stock after purchasing an additional 10,765 shares during the quarter. Principal Financial Group Inc.’s holdings in Intuit were worth $155,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. grew its position in Intuit by 522.3% during 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 period. Bank of New York Mellon Corp raised its position in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after acquiring an additional 471,451 shares during the period. Vestcor Inc boosted its stake in shares of 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 boosted its stake in shares of 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 grew its position in shares of 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INTU. Evercore reduced their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Northcoast Research dropped their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Argus reduced their target price on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada decreased their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.39.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed 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 bought 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly 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 SEC filing for this purchase provides additional information. Over the last three months, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some investors are treating the recent pullback as an oversold rebound opportunity, with renewed interest in Intuit’s AI-enabled tax and financial software story after the post-earnings selloff. Intuit Gains as Investors Reassess Its Post-Earnings Selloff
• Neutral Sentiment: Intuit still reported solid fiscal Q3 results in May, beating EPS and revenue estimates and raising full-year guidance, which provides some support for the stock despite the current volatility.
• Negative Sentiment: Multiple law firms announced or promoted a securities class-action lawsuit and related investigations tied to Intuit’s disclosures around TurboTax, adding legal overhang and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers – INTU
• Negative Sentiment: Piper Sandler initiated coverage with a sell-equivalent rating and a street-low price target, reinforcing concerns about growth in key businesses such as Mailchimp and Credit Karma. Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)
• Negative Sentiment: Recent commentary also highlights weaker tax-season results and workforce reductions, which have fueled analyst caution and weakened sentiment around INTU’s near-term growth outlook. Are Legal Strains Diluting Intuit’s (INTU) AI-Driven Tax Software Narrative?

Intuit Trading Down 2.5%

INTU stock opened at $282.43 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70. The stock has a market cap of $77.26 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.06 and a beta of 1.00. The business’s 50-day moving average is $309.72 and its 200 day moving average is $412.85.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. 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. On average, sell-side analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

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

Intuit Company 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.