Corient Private Wealth LLC Buys 9,694 Shares of Intuit Inc. $INTU

Key Points

• Corient Private Wealth LLC boosted its Intuit stake by 7.2% in the fourth quarter, buying 9,694 additional shares and bringing its total holding to 144,983 shares valued at about $96.1 million.
• Analysts remain mixed on Intuit: the stock carries a consensus Moderate Buy rating, but several firms have recently cut targets, and Weiss Ratings downgraded it to Sell.
• Intuit recently beat quarterly EPS and revenue estimates and raised guidance, but the shares have also faced pressure from a sharp selloff, AI-related concerns, and a reported securities-fraud investigation tied to pricing issues.

Corient Private Wealth LLC increased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,983 shares of the software maker's stock after acquiring an additional 9,694 shares during the period. Corient Private Wealth LLC owned about 0.05% of Intuit worth $96,073,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in INTU. Joseph Group Capital Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. acquired a new position in Intuit during the third quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit during the fourth quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its position 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 purchasing an additional 19 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INTU shares. Wolfe Research reissued an "outperform" rating and set a $400.00 price target on shares of Intuit in a research report on Thursday, May 21st. Erste Group Bank upgraded Intuit to a "hold" rating in a report on Monday, April 27th. Mizuho lowered their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 26th. Barclays dropped their target price on Intuit from $540.00 to $443.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. Finally, Weiss Ratings cut Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 11th. Twenty-three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $511.35.

Intuit Stock Performance

Shares of INTU opened at $267.00 on Friday. The company has a market cap of $73.04 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The firm has a 50-day moving average of $349.67 and a 200-day moving average of $461.22. Intuit Inc. has a one year low of $259.23 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. During the same period in the prior year, the firm earned $11.65 EPS. Intuit's quarterly revenue was up 10.4% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit's payout ratio is currently 29.07%.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company's stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares of the company's stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 955 shares of company stock valued at $273,855 over the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s latest quarterly results were solid, with EPS and revenue both beating estimates and revenue rising 10.4% year over year, while Credit Karma continued to show traction with 15% revenue growth. Credit Karma Gains Traction: Can It Continue Boosting Intuit's Growth?
• Positive Sentiment: Some commentary remains constructive on Intuit’s AI strategy, with the company pushing automation across tax, accounting, and marketing tools and repositioning itself around AI-driven products. Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI
• Neutral Sentiment: Intuit raised about $1.74 billion through senior notes, which adds financial flexibility but also increases leverage slightly. Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
• Negative Sentiment: Stifel downgraded Intuit to Hold from Buy and cut its price target sharply to $275 from $375, citing growth concerns and the risk that guidance could come down as pricing changes take effect. Stifel downgrades Intuit to Hold on growth concerns, cuts target price
• Negative Sentiment: Several reports say the stock has been hit by AI fears and a steep post-earnings selloff, with investors questioning whether growth can reaccelerate soon. Intuit (INTU) Down 13.1% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Intuit also faces legal overhang after law firms announced investigations into possible securities fraud tied to pricing issues and the stock’s sharp decline. Investor Rights Alert: Intuit (INTU) is being Investigated by BFA Law for Securities Fraud after Pricing Issues Cause 20% Stock Drop

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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