Russell Investments Group Ltd. Purchases 51,705 Shares of Intuit Inc. $INTU

Russell Investments Group Ltd. raised its position in Intuit Inc. (NASDAQ:INTU) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,847 shares of the software maker’s stock after acquiring an additional 51,705 shares during the quarter. Russell Investments Group Ltd.’s holdings in Intuit were worth $283,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Intuit in the second quarter worth about $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the 1st quarter worth approximately $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit in the 2nd quarter worth approximately $782,677,000. Vanguard Group Inc. increased its stake in shares of Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the period. Finally, Swedbank AB raised its holdings in shares of Intuit by 575.4% during the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after acquiring an additional 751,027 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 earnings beat & guidance: Intuit reported a better?than?expected quarter (EPS and revenue beats, revenue +17% y/y) and set Q3/FY26 guidance that supports continued growth — this is the main fundamental driver for the rally. INTU Stock Rises 18.3% Post Q2 Earnings
• Positive Sentiment: Big AI partnership: Intuit announced a broad collaboration with Anthropic to build customizable AI agents for mid?market customers — this supports product differentiation, upsell potential and the company’s AI-driven revenue narrative. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades & upside to price targets: Multiple firms raised or reiterated bullish ratings (Northcoast upgrade to Buy with $575 PT; Argus strong?buy; the consensus analyst targets imply material upside), underpinning investor confidence. Finviz (Northcoast upgrade) Wall Street Analysts Predict a 33.67% Upside
• Positive Sentiment: Sector rotation into software: Broader flows have favored software this week vs. semiconductors, lifting beaten-down software names including Intuit and providing a momentum tailwind. Tech Rotation Swings Back Toward Software
• Neutral Sentiment: Momentum & valuation questions: The stock has had a sharp multi?day run (Forbes notes a 7?day +30% move), prompting debate over whether the rally is overextended vs. justified by fundamentals. Monitor near?term profit?taking risk. Is Intuit Stock Rally Overextended Or Just Getting Started?
• Neutral Sentiment: Earnings acceleration theme: Screens and analyst commentary highlight improving EPS revisions and acceleration metrics — bullish signal, but execution and AI monetization will determine durability. 3 Best Earnings Acceleration Stocks to Buy in March 2026
• Negative Sentiment: Some price?target trims despite buy ratings: A number of firms trimmed targets (Daiwa, TD Cowen, Mizuho, JPMorgan) even while keeping buy ratings — this signals varied views on upside and valuation sensitivity. That increases short?term volatility risk if guidance/AI execution falters. Daiwa Lowers PT to $640

Intuit Stock Performance

Shares of INTU stock opened at $481.17 on Monday. The company’s fifty day moving average price is $503.41 and its 200-day moving average price is $607.54. The stock has a market cap of $133.07 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $349.00 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the business earned $3.32 EPS. Intuit’s quarterly revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

INTU has been the topic of several recent analyst reports. Wolfe Research cut their price target on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Jefferies Financial Group set a $650.00 target price on shares of Intuit in a research report on Sunday, February 22nd. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Finally, Daiwa Securities Group lowered their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $642.32.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 194,596 shares of company stock valued at $128,706,764 over the last ninety days. Company 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.