Intuit Inc. $INTU Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 30.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,891 shares of the software maker’s stock after selling 2,169 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Intuit were worth $1,277,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of INTU. Brighton Jones LLC increased its stake in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter valued at approximately $785,564,000. Sivia Capital Partners LLC raised its stake in shares of Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC raised its stake in shares of Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after buying an additional 51 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its AI capabilities across QuickBooks Online Advanced and Intuit Enterprise Suite. The new conversational tools allow CFOs and accounting teams to query financial data, create reports and initiate workflows using natural language, supporting Intuit’s strategy to capture more complex mid-market finance customers. Intuit Advances Its Mid-Market Platform With Conversational AI
• Positive Sentiment: BMO reiterated a Buy rating and maintained a $412 price target, citing resilient core operations despite temporary segment headwinds. The endorsement offers support for the bullish view that the recent selloff may have created a more attractive valuation. Intuit Buy Rating Reiterated
• Neutral Sentiment: Intuit is scheduled to report fourth-quarter and full-year results on August 25. The event is likely to be the next major catalyst, particularly for updates on TurboTax demand, fiscal 2027 expectations and adoption of the company’s AI-powered products. Intuit Earnings Date
• Negative Sentiment: Several law firms publicized a securities-fraud class action filed against Intuit and certain executives. The litigation alleges material misstatements or omissions about the company’s tax business during the August 22, 2025–May 20, 2026 class period. Although the financial liability is uncertain, the repeated notices add reputational and legal overhang ahead of earnings. Intuit Securities Class Action

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTU. Susquehanna dropped their price target on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research note on Monday, July 20th. Wolfe Research reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Intuit in a report on Thursday, May 21st. KeyCorp dropped their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Piper Sandler began coverage on shares of Intuit in a research report on Tuesday, July 14th. They set an “underweight” rating and a $250.00 price target for the company. Finally, BNP Paribas Exane decreased their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus price target of $461.23.

Intuit Stock Down 0.5%

NASDAQ INTU opened at $334.71 on Thursday. The business has a fifty day moving average price of $290.18 and a 200 day moving average price of $367.64. Intuit Inc. has a one year low of $252.84 and a one year high of $721.54. 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 cap of $91.56 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.06 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Intuit’s payout ratio is presently 29.07%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

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.