Fisher Asset Management LLC Sells 242,597 Shares of Intuit Inc. $INTU

Fisher Asset Management LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 9.6% during the 4th quarter, HoldingsChannel reports. The fund owned 2,284,310 shares of the software maker’s stock after selling 242,597 shares during the quarter. Fisher Asset Management LLC’s holdings in Intuit were worth $1,513,173,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. GW&K Investment Management LLC lifted its position 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 acquiring an additional 16 shares in the last quarter. Cannell & Spears LLC lifted its position 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 acquiring an additional 16 shares in the last quarter. Betterment LLC lifted its position in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares in the last quarter. Crawford Investment Counsel Inc. lifted its position in Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after acquiring an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its position in Intuit by 0.4% in the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after acquiring an additional 17 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of INTU stock opened at $319.94 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 1.45. The firm’s 50-day moving average is $403.55 and its 200-day moving average is $509.35. The stock has a market cap of $87.52 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.29 and a beta of 1.04. Intuit Inc. has a 52-week low of $302.36 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating 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 net margin of 21.91% and a return on equity of 25.18%. Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts predict that Intuit Inc. will post 17.49 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
• Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group cut their price objective on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday. Evercore cut their price target on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group cut their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Daiwa Securities Group cut their price target on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Wells Fargo & Company cut their price target on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday. Twenty-four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $546.29.

Insider Activity

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

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.