Cetera Investment Advisers Purchases 7,583 Shares of Intuit Inc. $INTU

Key Points

• Cetera Investment Advisers increased its Intuit stake by 11.1% in the first quarter, buying 7,583 additional shares and bringing its total holding to 75,725 shares worth about $32.7 million.
• Institutional interest in Intuit remains strong, with several other large investors also boosting positions and 83.66% of the stock owned by institutional investors.
• Analysts have grown more cautious on the stock, with multiple firms cutting price targets and Morgan Stanley downgrading Intuit to equal weight, though the overall consensus still stands at Moderate Buy.

Cetera Investment Advisers lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 11.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,725 shares of the software maker's stock after purchasing an additional 7,583 shares during the quarter. Cetera Investment Advisers' holdings in Intuit were worth $32,742,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of INTU. Rakuten Investment Management Inc. increased its holdings in Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker's stock worth $34,852,000 after purchasing an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock valued at $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. Vestcor Inc boosted its position in shares of Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker's stock valued at $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker's stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker's stock worth $39,728,000 after buying an additional 6,999 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTU has been the subject of a number of analyst reports. Northcoast Research lowered their price target on Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Truist Financial reduced their target price on shares of Intuit from $500.00 to $410.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Morgan Stanley downgraded shares of Intuit from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $580.00 to $335.00 in a report on Tuesday. Mizuho dropped their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 26th. Finally, UBS Group cut their price target on shares of Intuit from $440.00 to $360.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Twenty-one investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus price target of $468.84.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit highlighted its AI roadmap for surgical care at the Society of Robotic Surgery conference, including a framework built on data from more than 20 million da Vinci procedures and a live telesurgery demonstration. The message reinforces Intuit’s long-term innovation story and could help investor confidence around future product capabilities. Article Title
• Positive Sentiment: The company also launched a business credit card that syncs with QuickBooks, which supports ecosystem expansion and could deepen customer adoption across Intuit’s small-business platform. Article Title
• Neutral Sentiment: Analysts are still looking for double-digit earnings growth in Intuit’s upcoming quarterly report, suggesting investors are watching closely for confirmation of continued momentum. Article Title
• Negative Sentiment: Multiple law firms announced or promoted securities fraud class-action claims against Intuit, alleging misstatements about TurboTax growth, revenue outlook, and pricing issues. These legal actions are a clear drag on sentiment and may be pressuring the stock. Article Title
• Negative Sentiment: Additional lawsuits and deadline reminders around the September 8 lead-plaintiff date keep the litigation overhang in focus, adding uncertainty for investors. Article Title

Intuit Stock Up 5.3%

INTU stock opened at $296.33 on Friday. The stock has a market cap of $81.06 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock's fifty day simple moving average is $293.64 and its two-hundred day simple moving average is $393.61. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

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

Insider Activity

In related news, Director Vasant M. Prabhu bought 500 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares in the company, valued at $541,992.50. The trade was a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares of the company's stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company's stock.

Intuit 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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