GRIMES & Co WEALTH MANAGEMENT LLC Raises Stake in Intuit Inc. $INTU

GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in Intuit Inc. (NASDAQ:INTU) by 1,834.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,700 shares of the software maker’s stock after buying an additional 19,630 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Intuit were worth $13,712,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sachetta LLC grew its holdings in Intuit by 23.8% in the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after buying an additional 15 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Cannell & Spears LLC grew its holdings in Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after buying an additional 16 shares in the last quarter. Betterment LLC grew its holdings in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the period. Finally, Crawford Investment Counsel Inc. increased its position in shares of Intuit by 4.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of Intuit stock opened at $406.78 on Friday. The business has a 50-day moving average of $416.74 and a 200 day moving average of $532.27. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70. The stock has a market capitalization of $112.50 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the business posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTU. UBS Group cut their price objective on Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Wolfe Research set a $550.00 price objective on Intuit and gave the stock an “outperform” rating in a research report on Thursday, March 12th. Barclays reissued an “overweight” rating and set a $540.00 price objective on shares of Intuit in a research report on Monday, March 16th. Stifel Nicolaus lowered their target price on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and raised their target price for the company from $670.00 to $700.00 in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $636.10.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit launched QuickBooks Workforce, an AI-powered end-to-end human capital management (HCM) platform that combines payroll, HR, recruiting and benefits — a material expansion of Intuit’s addressable market and cross-sell opportunity to millions of QuickBooks customers. Intuit Unveils QuickBooks Workforce (BusinessWire)
• Positive Sentiment: Intuit announced an exclusive partnership with Vestwell to embed QuickBooks 401(k) into Workforce, which accelerates monetization of benefits and makes QuickBooks a one-stop HR/payroll/retirement platform for SMBs. Vestwell Selected by Intuit (Yahoo)
• Positive Sentiment: Early coverage and reviews highlight Workforce as a capable, feature-rich payroll + HCM product — favorable reviews (PCMag, others) can help adoption and seller confidence among SMB buyers. Intuit QuickBooks Workforce Review (PCMag)
• Positive Sentiment: Incremental product improvements (faster Shopify–QuickBooks integration) reduce friction for merchant customers and support SMB ecosystem stickiness. Shopify–QuickBooks Integration Update (MSN)
• Neutral Sentiment: Financial media and investor platforms (Zacks, Yahoo) note INTU is a “trending” stock — increased attention can boost volume and volatility but doesn’t change fundamentals by itself. INTU Trending Stock (Zacks)
• Positive Sentiment: Recent quarterly results were strong (earnings and revenue beat; raised guidance), giving Intuit financial momentum as it rolls out Workforce and embedded retirement offerings. Source: company earnings and guidance
• Negative Sentiment: Risks: INTU’s current share price sits well below its 200?day moving average and remains far from its one?year high, suggesting the market is weighing valuation and execution risk for new initiatives; HCM is competitive and monetization will take time. Source: market performance data

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.