Parallel Advisors LLC Has $12.10 Million Holdings in Intuit Inc. $INTU

Parallel Advisors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,985 shares of the software maker’s stock after acquiring an additional 1,560 shares during the quarter. Parallel Advisors LLC’s holdings in Intuit were worth $12,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Betterment LLC increased its stake in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Intuit by 2.0% in the fourth quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after buying an additional 18 shares in the last quarter. One Capital Management LLC grew its holdings in shares of Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares during the last quarter. Quadcap Wealth Management LLC grew its holdings in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after buying an additional 18 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in shares of Intuit by 2.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 774 shares of the software maker’s stock worth $513,000 after acquiring an additional 20 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the topic of a number of analyst reports. KeyCorp lowered their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Mizuho cut their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Truist Financial reissued a “hold” rating and set a $350.00 price objective (down from $410.00) on shares of Intuit in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Barclays dropped their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $460.45.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the purchase, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction that occurred 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 trade represents a 2.67% decrease in their ownership of the stock. 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 sold 1,239 shares of company stock valued at $348,354 in the last quarter. Corporate insiders own 2.49% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $323.60 on Wednesday. The company has a market capitalization of $88.52 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.00 and a beta of 0.97. The business has a fifty day simple moving average of $289.35 and a two-hundred day simple moving average of $376.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $794.09.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates 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 earned $11.65 EPS. The business’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. On average, analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit benefited from a wider software-sector tailwind linked to easing geopolitical tensions and renewed AI-related merger-and-acquisition activity. The company’s history of earnings surprises and expectations for another potential beat may also be supporting sentiment. Intuit, BILL, Workiva, Elastic, and Autodesk Stocks Trade Up
• Neutral Sentiment: Intuit shares ended at $323.60, up for the session but still well below the 200-day moving average of $376.56. The stock’s recent performance reflects a recovery from its 12-month low, although trading volume remained below average. Intuit Advances But Underperforms Market
• Negative Sentiment: Truist downgraded Intuit to Hold from Buy and cut its price target to $350 from $410, citing a softer growth outlook and limited near-term catalysts. The reduced target leaves only modest upside from the reported closing level. Intuit Cut to Hold at Truist
• Negative Sentiment: Several law firms publicized a securities class action filed against Intuit and certain executives. The lawsuit alleges that the company misrepresented TurboTax’s growth prospects, competitive advantages, and pricing environment before a sharp stock decline. The allegations have not been proven, but the litigation creates reputational, legal, and investor-confidence risks; the lead-plaintiff deadline is September 8, 2026. Pomerantz Class Action Announcement
• Negative Sentiment: Fundsmith Equity Fund disclosed that it sold its Intuit position during the second quarter, adding to concerns among investors about valuation, competitive pressure, and slowing growth. Why Fundsmith Sold Intuit

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.