Intuit Inc. $INTU Shares Purchased by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. raised its position in Intuit Inc. (NASDAQ:INTU) by 264.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,020 shares of the software maker’s stock after acquiring an additional 18,151 shares during the period. Van Den Berg Management I Inc.’s holdings in Intuit were worth $6,530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Wedbush Securities Inc. boosted its stake in shares of Intuit by 5.9% during the 2nd quarter. Wedbush Securities Inc. now owns 5,549 shares of the software maker’s stock worth $1,448,000 after purchasing an additional 307 shares during the last quarter. Sheets Smith Wealth Management lifted its position in Intuit by 0.3% during the second quarter. Sheets Smith Wealth Management now owns 12,128 shares of the software maker’s stock valued at $3,165,000 after buying an additional 40 shares in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Intuit by 13.2% during the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after purchasing an additional 30 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Intuit by 6.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after purchasing an additional 215,814 shares during the period. Finally, New Mexico Educational Retirement Board lifted its holdings in Intuit by 8.6% in the second quarter. New Mexico Educational Retirement Board now owns 13,878 shares of the software maker’s stock worth $3,622,000 after purchasing an additional 1,100 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations
• Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management
• Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq?
• Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline
• Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Susquehanna cut their price target on shares of Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a report on Wednesday, August 26th. Rothschild & Co Redburn reduced their price objective on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Northcoast Research cut their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Piper Sandler lifted their price objective on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $434.68.

Intuit Price Performance

Intuit stock traded up $1.45 during trading hours on Monday, reaching $359.51. 1,842,109 shares of the stock were exchanged, compared to its average volume of 4,382,581. The company has a market cap of $98.34 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The stock has a 50 day moving average of $307.36 and a two-hundred day moving average of $356.13.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts expect that Intuit Inc. will post 23.07 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio is presently 33.45%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,146 shares of company stock valued at $662,666. Corporate 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, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.