Concurrent Investment Advisors LLC raised its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 32.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,480 shares of the software maker’s stock after buying an additional 1,815 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Intuit were worth $4,955,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. MTM Investment Management LLC increased its stake in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in Intuit in the 3rd quarter valued at $33,000. Richardson Financial Services Inc. increased its stake in Intuit by 70.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 51 shares of the software maker’s stock valued at $35,000 after buying an additional 21 shares during the period. TruNorth Capital Management LLC acquired a new position in Intuit in the 3rd quarter valued at $36,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Intuit
In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.49% of the stock is owned by corporate insiders.
Intuit Stock Performance
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the company posted $3.32 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts expect that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.
Intuit Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s payout ratio is currently 31.09%.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Anthropic added connectors that integrate Claude with consumer apps including TurboTax and Credit Karma, increasing Intuit’s exposure to new conversational-AI distribution channels and potential user engagement. Anthropic Turns Claude Into a Front Door for Daily Apps
- Positive Sentiment: Media pieces highlighting Intuit as an AI play (combining AI with human intelligence) are keeping investor interest elevated, reinforcing the narrative that Intuit can monetize AI across QuickBooks, TurboTax and Credit Karma. Intuit Inc. (INTU): Combining AI With Human Intelligence
- Positive Sentiment: Broker/analyst coverage remains constructive (multiple buy/outperform ratings and a median price target near $600), which supports upside expectations versus current levels. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
- Positive Sentiment: Recommendations to buy gig-economy beneficiaries include INTU, highlighting secular demand drivers from small businesses and freelancers that use QuickBooks. Must-Buy Stocks to Take Advantage of the Gig Economy’s Popularity
- Neutral Sentiment: Analysts expect a modest EPS uplift in the upcoming Q3 FY2026 report; upcoming earnings are a near-term catalyst that could swing sentiment. What to Expect From Intuit’s Q3 2026 Earnings Report
- Neutral Sentiment: General investor interest articles and listicles are increasing visibility but don’t change fundamentals by themselves. 15 AI Stocks That Could Break the Trillion Dollar Barrier
- Negative Sentiment: Short interest jumped in April to roughly 9.42M shares (about 3.5% of shares), raising downside pressure and signaling some hedge/prop bets against the name; a higher short base can amplify volatility.
- Negative Sentiment: Recent headlines and analysis tying Intuit to AI-disruption risk and tax-season concentration pressured the stock in recent sessions; several articles covered a multi-percent pullback and valuation re-ratings. Intuit shares fall 6.21% despite steady growth outlook
- Negative Sentiment: Large reported insider and institutional selling activity (notable position reductions at some asset managers and multiple insider sales) is a watch item for sentiment and near-term selling pressure. Intuit shares slide as investors weigh AI-driven disruption risks and tax-season exposure
Analysts Set New Price Targets
INTU has been the topic of several recent research reports. Daiwa Securities Group dropped their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Northcoast Research raised shares of Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a research note on Friday, March 6th. Royal Bank Of Canada lowered their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Wolfe Research set a $550.00 price target on shares of Intuit and gave the stock an “outperform” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $636.10.
Check Out Our Latest Report on INTU
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.
Further Reading
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