Campbell Newman Asset Management Inc. Buys Shares of 30,238 Intuit Inc. $INTU

Key Points

• Campbell Newman Asset Management bought a new stake of 30,238 shares of Intuit in Q4 valued at about $20.03 million, representing roughly 1.5% of the firm's holdings and its 28th largest position.
• Intuit beat expectations for the quarter (EPS $4.15 vs. $3.68 est.; revenue $4.65B vs. $4.53B) and issued FY2026 guidance with EPS of roughly 22.98–23.18.
• Analyst coverage is mixed: the consensus rating is a “Moderate Buy” with an average target of $638 despite multiple price-target cuts, while bullish notes cite AI-driven upside (one suggests ~65% potential) and investigative reporting on lobbying raises regulatory/reputational risk.

Campbell Newman Asset Management Inc. bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,238 shares of the software maker's stock, valued at approximately $20,030,000. Intuit makes up approximately 1.5% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 28th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. NEOS Investment Management LLC increased its holdings in Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker's stock valued at $82,984,000 after buying an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker's stock valued at $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in Intuit in the third quarter valued at about $1,465,000. Crossmark Global Holdings Inc. increased its holdings in Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker's stock valued at $32,526,000 after buying an additional 6,503 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its position in shares of Intuit by 8.4% in the third quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker's stock valued at $194,665,000 after purchasing an additional 22,051 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm'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 in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.49% of the company's stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Several sell‑side analysts see substantial upside (one note cites ~65% upside), arguing Intuit's share price has fallen faster than fundamentals and that current estimates understate long‑term earnings power—this creates a potential re‑rating tailwind if sentiment reverses. Analysts See 65% Upside for Intuit
• Positive Sentiment: Industry coverage flags Intuit’s AI + human‑intelligence (AI/HI) strategy and “done‑for‑you” financial workflows as structural growth drivers that can boost automation, customer retention, and margin expansion over time. Intuit's AI & HI Integration
• Positive Sentiment: Morgan Stanley and other strategists have highlighted a small set of 2026 “top picks” and stocks with upside potential; institutional endorsements like this can attract flows and improve sentiment if reiterated. Morgan Stanley Calls These 2 Stocks ‘Top Picks’ for 2026
• Neutral Sentiment: Broad market risk‑on flows and a tech sector rally (S&P 500/Nasdaq making new highs) are lifting many software names, which can support INTU independent of company‑specific news. This is a macro/market tailwind rather than a company catalyst. Tech Stocks Power S&P 500 and Nasdaq to Records
• Neutral Sentiment: Coverage noting INTU outperformed peers on a strong trading day signals short‑term relative strength, but doesn’t necessarily change fundamentals. Intuit Outperforms Competitors
• Negative Sentiment: Investigative reporting on Intuit’s lobbying around IRS “Direct File” and the rollback of a free government tax‑filing pilot raises reputational and regulatory risk; renewed policy scrutiny could pose long‑term headwinds for core tax franchise economics. How a free tax filing system from the government went from 296,000 users to zero
• Negative Sentiment: Commentary and features asking “what’s actually happening” with Intuit’s share price (e.g., “Same Intuit, Half Price”) highlight investor concern over valuation compression, weaker multiple, and potential execution risks—factors that help explain downward pressure on the stock. Same Intuit, Half Price

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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 report on Friday, February 27th. Jefferies Financial Group set a $650.00 price target on shares of Intuit in a research report on Sunday, February 22nd. Citigroup lowered their price target on shares of Intuit from $803.00 to $649.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Oppenheimer lowered their price target on shares of Intuit from $696.00 to $558.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Finally, The Goldman Sachs Group lowered their price target on shares of Intuit from $720.00 to $519.00 and set a "neutral" rating on the stock in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $638.06.

Intuit Stock Down 0.7%

Shares of NASDAQ INTU opened at $387.11 on Friday. Intuit Inc. has a 1 year low of $342.11 and a 1 year high of $813.70. The firm's 50 day moving average price is $416.53 and its 200 day moving average price is $558.26. The firm has a market cap of $107.06 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) 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 firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the business earned $3.32 earnings per share. Intuit's revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

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