Calamos Wealth Management LLC Grows Stake in Intuit Inc. $INTU

Key Points

• Calamos Wealth Management LLC raised its stake in Intuit by 557.7% in Q4 to 23,669 shares (an additional 20,070 shares), valued at $15.679 million per its latest Form 13F filing.
• Intuit beat expectations last quarter (EPS $4.15 vs. $3.68; revenue $4.65B vs. $4.53B), gave FY2026 guidance of $22.98–23.18 EPS, and trades with a market cap around $109.5B and institutional ownership of 83.66%.
• Market sentiment is mixed: positive catalysts include AI integrations and constructive analyst coverage (average price target ≈ $636), while risks such as rising short interest (~3.5%) and notable insider/institutional selling could amplify near‑term volatility.

Calamos Wealth Management LLC raised its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 557.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,669 shares of the software maker's stock after acquiring an additional 20,070 shares during the quarter. Calamos Wealth Management LLC's holdings in Intuit were worth $15,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Brighton Jones LLC boosted its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after acquiring an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in Intuit in the first quarter valued at about $785,564,000. Sivia Capital Partners LLC boosted its stake in Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock valued at $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its stake in Intuit by 12.2% in the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock valued at $370,000 after acquiring an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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

Intuit Stock Performance

Shares of INTU stock opened at $395.95 on Friday. The stock has a market capitalization of $109.50 billion, a P/E ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm's 50 day moving average is $414.36 and its 200 day moving average is $546.47. Intuit Inc. has a 12 month low of $342.11 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. Intuit's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.32 EPS. 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, sell-side analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INTU shares. BNP Paribas Exane upgraded shares of Intuit from an "underperform" rating to a "neutral" rating and set a $463.00 target price on the stock in a research note on Monday, March 16th. Barclays reiterated an "overweight" rating and issued a $540.00 target price on shares of Intuit in a research note on Monday, March 16th. UBS Group dropped their price target on shares of Intuit from $725.00 to $440.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Scotiabank set a $575.00 price target on shares of Intuit in a research note on Friday, March 6th. Finally, Truist Financial initiated coverage on shares of Intuit in a research note on Tuesday, January 6th. They set a "buy" rating and a $739.00 price target on the stock. One research 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $636.10.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.49% of the company's stock.

About Intuit

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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