Bessemer Group Inc. Has $8.21 Million Stake in Intuit Inc. $INTU

Key Points

• Bessemer Group Inc. increased its Intuit stake by 58.5% in the first quarter, adding 7,010 shares and bringing its total holding to 18,996 shares worth about $8.21 million.
• Intuit reported better-than-expected quarterly results, with earnings per share of $12.80 and revenue of $8.56 billion, while also issuing FY 2026 guidance of $23.80 to $23.85 EPS.
• The stock faces a mixed backdrop: analysts still rate Intuit a Moderate Buy, but multiple law firms have announced a pending securities class action, creating legal overhang and near-term headline risk.

Bessemer Group Inc. raised its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 58.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,996 shares of the software maker's stock after acquiring an additional 7,010 shares during the quarter. Bessemer Group Inc.'s holdings in Intuit were worth $8,214,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Joseph Group Capital Management bought a new stake in shares of Intuit during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the fourth quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. bought a new stake in Intuit in the third quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit in the fourth quarter valued at approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Intuit by 54.3% in the fourth 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 currently owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of Intuit stock opened at $291.09 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The stock has a 50 day moving average price of $303.20 and a two-hundred day moving average price of $404.68. The stock has a market capitalization of $79.62 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the previous year, the company posted $11.65 earnings per share. The company'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. As a group, equities analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit's dividend payout ratio is presently 29.07%.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell
• Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
• Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Intuit from $425.00 to $360.00 and set an "equal weight" rating on the stock in a report on Thursday, May 21st. Citigroup dropped their target price on shares of Intuit from $649.00 to $591.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Susquehanna cut their target price on shares of Intuit from $640.00 to $550.00 and set a "positive" rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group cut their target price on shares of Intuit from $650.00 to $550.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Finally, Rothschild & Co Redburn reduced their price target on shares of Intuit from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, June 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $490.39.

Insiders Place Their Bets

In other Intuit news, Director Vasant M. Prabhu acquired 1,250 shares of the company's stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director owned 1,250 shares of the company's stock, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director owned 12,326 shares of the company's stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 over the last ninety days. Insiders own 2.49% of the company's stock.

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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