Calamos Advisors LLC Increases Stock Holdings in Intuit Inc. $INTU

Key Points

• Calamos Advisors LLC increased its stake in Intuit by 13.2% in Q4 to 130,688 shares, a holding valued at approximately $86.57 million.
• Analyst coverage remains largely constructive with a consensus rating of "Moderate Buy" and an average price target near $636.10, despite several brokers trimming their targets into the $550–$605 range.
• Intuit beat Q4 EPS ($4.15 vs. $3.68) with revenue up 17.4%, and positive catalysts include AI integrations (e.g., Anthropic connectors) alongside a recent quarterly dividend that implies a 1.2% yield.

Calamos Advisors LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,688 shares of the software maker's stock after acquiring an additional 15,262 shares during the quarter. Calamos Advisors LLC's holdings in Intuit were worth $86,570,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker's stock valued at $19,546,243,000 after buying an additional 914,024 shares during the period. State Street Corp raised its stake in shares of Intuit by 1.2% in the third quarter. State Street Corp now owns 12,882,779 shares of the software maker's stock valued at $8,797,779,000 after buying an additional 158,456 shares during the period. Invesco Ltd. raised its stake in shares of Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker's stock valued at $2,565,810,000 after buying an additional 271,407 shares during the period. Northern Trust Corp raised its stake in shares of Intuit by 4.8% in the third quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker's stock valued at $2,356,040,000 after buying an additional 158,843 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker's stock valued at $1,365,640,000 after buying an additional 1,295,199 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on INTU. Oppenheimer lowered their target price on Intuit from $696.00 to $558.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada lowered their target price on Intuit from $850.00 to $600.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group restated a "buy" rating on shares of Intuit in a research note on Sunday, April 19th. Truist Financial started coverage on Intuit in a research note on Tuesday, January 6th. They set a "buy" rating and a $739.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Intuit from $750.00 to $605.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $636.10.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.49% of the company's stock.

Intuit News Roundup

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

Intuit Price Performance

Intuit stock opened at $395.95 on Friday. Intuit Inc. has a 52 week low of $342.11 and a 52 week high of $813.70. The business has a 50-day simple moving average of $414.36 and a 200 day simple moving average of $546.47. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a market cap of $109.50 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.21.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same period in the previous year, the business earned $3.32 earnings per share. The firm's revenue 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. On average, research analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit's dividend payout ratio is presently 31.09%.

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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