32,870 Shares in Intuit Inc. $INTU Bought by OP Asset Management Ltd

Key Points

• OP Asset Management disclosed a new first-quarter stake in Intuit, buying 32,870 shares valued at about $14.2 million. Institutional ownership remains high, with investors holding about 83.66% of the company.
• Wall Street sentiment is still broadly positive, with analysts giving Intuit a Moderate Buy consensus and a target price of $511.35. However, several firms recently cut their price targets, reflecting some caution around near-term performance.
• Intuit reported strong quarterly results, beating earnings and revenue estimates and raising guidance for fiscal 2026. The company also announced a quarterly dividend of $1.20 per share, payable July 17, for a 1.8% yield.

OP Asset Management Ltd acquired a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 32,870 shares of the software maker's stock, valued at approximately $14,212,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of Intuit in the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC grew its holdings in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the 3rd quarter valued at approximately $33,000. Finally, Birchwood Financial Partners Inc. bought a new stake in Intuit in the 4th quarter valued at approximately $33,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTU. Susquehanna cut their price objective on shares of Intuit from $640.00 to $550.00 and set a "positive" rating on the stock in a research report on Friday, May 22nd. UBS Group decreased their target price on shares of Intuit from $440.00 to $360.00 and set a "neutral" rating for the company in a research report on Thursday, May 21st. Wolfe Research reissued an "outperform" rating and set a $400.00 price target on shares of Intuit in a research report on Thursday, May 21st. Barclays reduced their price objective on shares of Intuit from $540.00 to $443.00 and set an "overweight" rating for the company in a research note on Thursday, May 21st. Finally, Truist Financial decreased their price objective on Intuit from $500.00 to $410.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price of $511.35.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is scheduled to highlight its rebuilt AI infrastructure at VB Transform 2026, signaling continued investment in faster, more scalable AI capabilities that could support future product growth. Intuit will show off how it rebuilt its AI infrastructure to support fast and complex tasks at VB Transform 2026
• Positive Sentiment: Some market commentary points to Intuit as a large-cap tech name that benefited from falling Treasury yields, which can make growth stocks more attractive on a valuation basis. Sprout Social, Intuit, and PagerDuty Shares Skyrocket, What You Need To Know
• Positive Sentiment: Analyst coverage remains supportive overall, with consensus still calling Intuit a “Moderate Buy,” which may help limit downside despite recent volatility. Intuit Inc. Receives Consensus Rating of Moderate Buy from Analysts
• Neutral Sentiment: Management comments aimed at accountants, including “you are the customer, not a channel,” suggest Intuit is trying to strengthen partner relationships, but the direct stock impact is unclear. Intuit CEO to accountants: You are the customer, not a channel
• Negative Sentiment: Investor concern increased after reports of pricing issues and a large stock decline, prompting a securities-fraud investigation notice that could keep pressure on shares. INTU Stock News: Intuit Stock Dropped 20% after Pricing Issues Disclosed
• Negative Sentiment: Another law firm is investigating claims on behalf of Intuit investors, adding to legal overhang and uncertainty around the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Intuit, Inc. - INTU
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target, citing expectations that management may lower near- to medium-term growth guidance. Is Intuit (INTU) One of the Best Big Tech Stocks to Buy According to Wall Street Analysts?
• Negative Sentiment: Director Richard L. Dalzell sold a small block of shares under a pre-arranged trading plan, which is usually neutral, but it can add to negative sentiment when shares are already under pressure. Intuit director stock sale

Intuit Stock Up 1.6%

Shares of INTU opened at $262.08 on Thursday. The firm has a 50 day simple moving average of $343.59 and a two-hundred day simple moving average of $451.79. 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 one year low of $252.84 and a one year high of $813.70. The company has a market cap of $71.69 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.95 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $11.65 earnings per share. 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 forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Intuit's dividend payout ratio is 29.07%.

Insider Buying and Selling at Intuit

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

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