Meridian Management Co. Makes New Investment in Intuit Inc. $INTU

Meridian Management Co. bought a new position in Intuit Inc. (NASDAQ:INTU) in the 1st quarter, Holdings Channel.com reports. The firm bought 8,562 shares of the software maker’s stock, valued at approximately $3,702,000.

Other large investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the third quarter valued at approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the fourth quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 2.5%

NASDAQ:INTU opened at $282.43 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $77.26 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The stock has a 50-day simple moving average of $309.72 and a 200 day simple moving average of $412.85.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data 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 quarter in the prior year, the firm posted $11.65 earnings per share. Intuit’s revenue for the quarter 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. Sell-side analysts predict that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

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 of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the purchase, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock worth $348,354 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit News Summary

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?

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Evercore cut their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Wolfe Research reissued an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. BMO Capital Markets dropped their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and cut their price target for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Twenty-two analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $490.39.

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.